On 26 May 2015, the management of RAWBANK, represented by its CEO, Mr Thierry Taeymans, welcomed the minister for SMEs, Mr BoongoNkoy, in the context of the visits made previously to various other financial institutions operating in the Democratic Republic of Congo.

The aim of this visit was to encourage the bank in the development of the SME market. The CEO of the bank, in his speech, stressed the importance of funding the development of efficient SMEs that are active in the formal sector, as well as the support to be given to helping small companies grow and to gradually lead them from the informal towards the formal economy, and in doing so, towards access to bank loans and an increase in capacity.

It should be noted that, since October 2014, RAWBANK has opened a branch intended for SMEs, located on Avenue Eyala n°1 in the municipality of Kasa-Vubu. If we can believe Mr Raymond Loambo, Commercial Banking Country Head, “with the granting of loans, the bank also takes care to train SMEs on appropriate management modules in order to be able to tangibly fulfil the requirements of the strongly-developing clientele for access to basic banking services.”

For the minister, “RAWBANK has taken the important decision to strengthen the department dedicated exclusively to SMEs in order to favour the emergence of this category of companies, which has long been marginalised by the banking system. The approach of granting loans to SMEs changes the perception of the loan market in the DRC”. He then concluded by stating that he would like to see RAWBANK’s initiative followed by other commercial banks, because SMEs are a goldmine for the banking system that has long been ignored.

The ceremony ended with a guided visit to the SME branch, followed by a cocktail in honour of the guests.