AJMAN, 26th December, 2021 (WAM) Ajman Bank has signed a memorandum of understanding (MoU) with the Emirates Development Bank (EDB) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE.
The MoU falls within the scope of EDB’s commitment to boost the SME ecosystem and the industrial sector in the UAE and thus increase its contribution to the country’s GDP. The partnership focuses on offering strategic financing solutions to SMEs, one of the economic pillars of the UAE.
The.
EDB and Emirates NBD sign MoU on credit guarantee scheme for SMEs
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Emirates News Agency - Emirates Development Bank and Emirates NBD sign MoU on credit guarantee scheme for SMEs
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