We wanted to make sure our strategy is fit for purpose in a world that has changed significantly since the presmartphone era. Our decisions will influence the price of goods and services and ensure more stable economic conditions for businesses and households. The ECB and the nineteen national central banks represented at the Governing Council are part of the Eurosystem.
A Small and Medium Enterprise (SME) Bank has been established to provide leadership in developing new products such as program loans, new credit appraisal and documentation techniques, and nurturing new skills in SME lending which can then be replicated and transferred to other banks in the country. Program lending is the most appropriate method to assist the SME financing needs.