Lack of info, proper data on SMEs impedes risk analysis
Thursday, 5 July 2007
FE Report
In countries like Bangladesh, proper risk analysis for small and medium enterprises (SMEs) is difficult due to lack of organised information on industry, unknown management complexity in assessment of competitive dynamics and less reliable financial data on SMEs.
It was observed at the training on "Credit Scoring Technique for SMEs" jointly organised by IFC-SEDF World Bank group and Eastern Bank Limited (EBL) at a local hotel from June 23 to 28.
The training was conducted by Krishnan Shitaraman, Head of the Fund Services and Fixed Income Division of CRISIL Limited, India. The Relationship Managers (RM) of the EBL's SME Banking Department took part in the training.
EBL Managing Director Ali Reza Iftekhar distributed certificates among the trainees at the concluding session.
Speaking on the occasion, he said the training will be very much helpful for the SME RMs of the bank, specially in finding out good enterprises as well as good entrepreneurs.
IFC-SEDF World Bank Group's Financial Market Specialist Ananya Wahid said limitation of skills in SME financing is a major obstacle for the growth of SME Banking in Bangladesh. In this pursuit, the IFC-SEDF is providing this special training to the SME staff of EBL, which will lead to an increase in SME banking skills in the financial sector.
In countries like Bangladesh, proper risk analysis for small and medium enterprises (SMEs) is difficult due to lack of organised information on industry, unknown management complexity in assessment of competitive dynamics and less reliable financial data on SMEs.
It was observed at the training on "Credit Scoring Technique for SMEs" jointly organised by IFC-SEDF World Bank group and Eastern Bank Limited (EBL) at a local hotel from June 23 to 28.
The training was conducted by Krishnan Shitaraman, Head of the Fund Services and Fixed Income Division of CRISIL Limited, India. The Relationship Managers (RM) of the EBL's SME Banking Department took part in the training.
EBL Managing Director Ali Reza Iftekhar distributed certificates among the trainees at the concluding session.
Speaking on the occasion, he said the training will be very much helpful for the SME RMs of the bank, specially in finding out good enterprises as well as good entrepreneurs.
IFC-SEDF World Bank Group's Financial Market Specialist Ananya Wahid said limitation of skills in SME financing is a major obstacle for the growth of SME Banking in Bangladesh. In this pursuit, the IFC-SEDF is providing this special training to the SME staff of EBL, which will lead to an increase in SME banking skills in the financial sector.