QDB Holds Workshop on Financing Small Enterprises

10/13/2014 5:44:39 AM

(MENAFN- Qatar News Agency) Doha October 13 (QNA) - Qatar Development Bank (QDB) recently hosted its quarterly workshop with partner banks of its Al Dhameen indirect lending program during which it explained the risk mechanism used by the bank to study opportunities to help small and medium enterprises (SMEs) with no credit history or sufficient guarantees obtain lending.

Executive Director of Strategy and Business Development at Qatar Development Bank Hamad Al Kubaisi attended the workshop in the presence of 14 partner banks and financial institutions operating in Qatar.

Al Kubaisi said that QDB was pleased to "meet with our partners to seek new ways to enhance Al Dhameen program. This workshop is an important step in this program aiming to clearly identify the project risk management mechanisms adopted by QDB while studying any business to realize our unified vision with partner banks to provide the financial and consultancy support SMEs in Qatar need. We are pleased with our achievements as we watch Al Dhameen become a key driver of SME growth in Qatar." Al Dhameen program was launched in 2010 by QDB to encourage banks to finance small and medium enterprises which have a short credit history or no collateral that can be used to borrow. The program guarantees 85% of the finance value as long as it does not exceed QR15 million. (QNA)

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