Saturday, November 26, 2011

Union of Arab Banks calls on regulators to address micro-finance

?We in the Union of Arab Banks are fully aware of the importance of small and medium enterprises... they represent the pillars of the initial rise of industry of any country,? said Adnan in his opening address to the Union?s meeting in Beirut on 23 November entitled ?The current reality of the banking and financial sector in the Middle East and North Africa?.

Most Arab banks currently maintain excellent capitalisation rates enabling them to immediately meet the proposed requirements under Basel III
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Source: http://www.albawaba.com/union-arab-banks-calls-regulators-address-micro-finance-402520

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