GCB urges MSMEs to formalise businesses for financing

‎He said the Bank’s mobile application enabled MSMEs to access their accounts and conduct banking transactions without ing branches or using laptops and tablets.‎He said the Bank was using such financial data to expand access to unsecured financing for eligible MSMEs.‎The Bank said formal registration, proper record-keeping and adequate documentation would strengthen MSMEs’ ability to meet lenders’ requirements and access credit.