Barclays has underlined its support for small and medium-sized enterprises (SMEs) in Portugal by awarding more than 460 of its business customers with the PME Líder (SME Leader) accreditation.
The certification measures companies against criteria such as their financial performance, the health of their balance sheet and their capacity for innovation.
SMEs which receive the prestigious accreditation are deemed to have achieved a high level of financial strength and credibility.
As a result, they often find it easier to attract business and access credit lines at lower interest rates.
Vitor Pereira, Head of Segments, Barclays Portugal, said: “SME Leader certification is an instrument which allows us to stand out from our competitors supporting the SMEs to gain more credibility in the market. Any businessman will always remember the bank which helped him get there and we want to be remembered as partners in this process.”
The PME Líder accreditation is backed by the Instituto de Apoio às Pequenas e Médias Empresas (IAPMEI), a government agency established to support SMEs, as well as Turismo de Portugal, the country’s tourist office.
Companies which apply for the certification are evaluated by IAPMEI and a number of banks, including Barclays.