Author(s): Aisha Bello
Small and Medium Enterprises (SMEs) are the backbone of many economies, contributing significantly to employment, innovation, and economic growth. However, these enterprises often face financial challenges that can hinder their development and sustainability. Commercial banks play a crucial role in supporting SMEs by providing access to financial resources, advisory services, and tailored products that meet the unique needs of these businesses. This article explores the various ways in which commercial banks drive the success of SMEs, examining the financial products offered, the importance of relationship banking, and the impact of digital transformation on SME banking services. It also discusses the challenges faced by SMEs in accessing finance and how commercial banks are evolving to meet these needs