CWL CELEBRATES 10TH ANNIVERSARY OF GLOBAL BANKING ALLIANCE FOR WOMEN -- ADDRESSING THE NEXT, BEST PRACTICES FOR WOMEN’S BUSINESS GROWTH

The three-day Summit gathers bank CEOs and representatives of financial institutions from all regions of the world, to exchange best practices for profitably enabling growth among small and medium women-owned enterprises (SMEs).

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The Center for Women’s Leadership at Babson College joined over 40 leading financial institutions from around the world at the 10th Anniversary Summit of The Global Banking Alliance for Women, a consortium of financial institutions driving women’s business growth globally. Hosted by IFC, member of the World Bank Group and lead sponsor of the GBA for Women, the three-day Summit gathers bank CEOs and representatives of financial institutions from all regions of the world, to exchange best practices for profitably enabling growth among small and medium women-owned enterprises (SMEs).

“This Summit provides us with the opportunity to share our experience with others and together achieve excellence in responding to women’s business needs around the world,” said CWL Director Janelle Shubert.

“Global Banking Alliance for Women members understand the very real economic benefits of banking, lending to and providing training for women’s businesses,” said Larke Riemer, Chair of the Global Banking Alliance for Women and National Head of Women’s Markets for the Westpac Banking Corporation in Australia, a co-founder of the GBA for Women. “Women’s businesses in turn create jobs and contribute to the well-being of their communities.”

The GBA for Women’s 10th Anniversary Summit tackles a range of topics, including the future of financial markets, small and medium enterprise lending, and a better understanding of the needs of women’s businesses. It will also present the “Most Innovative Bank of the Year Award” to the GBA for Women member that found the most creative way to reach women entrepreneurs in 2010.

“Our motto is ‘Accelerating Access, Increasing Impact’,” said Teri Cavanagh, Executive Director of the GBA for Women. “Financial institutions from around the world join the GBA for Women to tap into our dynamic network and world-class resources. Not only does this spark innovations that enhance our members' individual programs, but it also serves our common goal of building women's businesses."

"The continued need for sustained and more equitable growth worldwide means that increasing opportunities for women in business is now more important than ever," said Rachel Kyte, IFC Vice President for Business Advisory Services. “When businesswomen thrive, they create jobs, often for other women. No country can afford not to harness their power."

About the Global Banking Alliance for Women

The GBA for Women is a global organization whose mission is to accelerate the growth of women in business and women’s wealth creation, while generating superior business outcomes for member financial institutions. Through a uniquely collaborative network for exchanging best practices and research, members catalyze sustainable success among women’s businesses by providing vital access to capital, markets, education and training.

The GBA for Women’s web-enabled social network connects members who seek to exchange information and resources with speed and efficiency. For example, the GBA for Women helps members fill gaps in their programs by connecting them to subject matter experts, research and other supplemental resources. The organization also connects people, information and resources – including government agencies, non-government organizations, university, and research groups.

The GBA for Women engages an Advisory Board of experts and leaders in the realm of women entrepreneurship, to provide additional perspective to members. For more information, http://www.gbaforwomen.org.


By Michael Chmura, mchmura@babson.edu, 781-239-4549 | 10/20/2010 06:00