Most Latam banks target the SME sector to expand business, shows survey

Monday, November 14th 2011 - 18:19 UTC

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A large majority of banks in Latin America and the Caribbean consider small and medium-sized enterprise (SME) as a strategic part of their business and are upbeat about expanding their business to this sector in the next two years, according to the Latin American Banking Federation, Feleban. Read full article

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GeoffWard2
I've been preaching this for the last couple of years wrt Brasil.

The pity of it is that the BNDES - that distributes largesse to industries and companies that it judges to be potential 'winners' - puts by far the largest part of the nation's development funds into the 'already massive/successful'.
If the same funds had been put into *Brasilian SMEs* over the last decade, we could have had a vibrant BRASILIAN sector, rather than simply host a vibrant FOREIGN company sector.
Nov 16th, 2011 - 08:01 pm - Link - Report abuse 0
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