Global Banking Alliance For Women Convenes 10th Summit On Next, Best Practices For Fueling Women's B

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20th October 2010, 03:18pm - Views: 16280

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Global Banking Alliance for Women Convenes 10th Summit on Next, Best Practices for Fueling

Women's Business Growth, Jobs

WASHINGTON, Oct. 20 /PRNewswire-AsiaNet/ --

    The Global Banking Alliance for Women, a consortium of leading financial

institutions driving women's business growth globally, is convening over 40

organizations here this week at the GBA for Women's 10th Anniversary Summit,

hosted by IFC, a member of the World Bank Group and a GBA for Women member.

Business heads, innovators and women's advocates will identify what financial

institutions can do to provide women's businesses with the access to capital,

networks and business skills that are crucial to economic growth and jobs

    Melanne Verveer, Ambassador-at-Large for Global Women's Issues, the U.S.

State Department; Cherie Blair, Founder of the Cherie Blair Foundation for

Women, and bank CEOs and decision makers from regions around the world, will

participate in the industry's high-profile exchange of best practices for

profitably enabling growth among small and medium women-owned enterprises


    "Global Banking Alliance for Women members realize the very real economic

and reputational benefits of banking 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.

    "The GBA for Women is a unique business model enabling financial

institutions from developed and developing countries alike to accelerate

their banking, lending and training programs for women's businesses," said

Teri Cavanagh, GBA for Women executive director and co-founder. "Rather than

compete against each other, our members collaborate - via our web network,

face to face meetings, and annual Summit."

    Women are critical to the recovery of the global economy: research shows

that women's business owners hire more women than men business owners,

thereby helping to shrink the global gender gap in employment and


    "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."

    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.

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    SOURCE: The Global Banking Alliance for Women

    CONTACT: Lynthia Romney


             Cell: +1-914-589-2140


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