Banks are required to meet the financing needs of small- and medium-size enterprises (SME), which are major employers and contributors to Jordan’s economy, according to the findings of a financial services survey.
The study was carried out by the USAID Jordan Economic Development Programme (SABEQ) in cooperation with the Association of Banks. Its results were announced during a workshop gathering representatives from local and international banks, heads of SMEs departments and credit officers to announce the survey results, a USAID statement issued on Wednesday said.
The development of appropriate banking products and services for the sector will allow SMEs to grow and make a larger contribution, Asma Abu Taleb, SABEQ financial services component leader said.
*source: The Jordan Times