BDC Signing BNDES Signing NAFINSA Signing OSEO Signing VEB Signing
Micro, small and medium-sized enterprises (MSMEs) face ongoing challenges. In response, governments have developed schemes to help remedy market deficiencies where private sector sources are unable or unwilling to operate, by creating public development banks.

The Montreal Group is an international forum created to foster peer group exchanges, identify best practices and innovative solutions on key topic issues, and develop thought leadership material contributing to the global MSME ecosystem.

In addition, The Montreal Group leverages its member’s global outreach to offer client missions for entrepreneurs from all member countries, providing the opportunity to visit tier one companies, network, and exploit B2B opportunities with participants from nine countries operating in the same industry. Accompanying MSMEs is at the heart of any exchange. 

The founding meeting was held in September 2012 in Montreal, Canada, in the head office of BDC. For the subsequent years: 2013 Mexico (NAFIN); 2014 Brazil (BNDES); 2015 France (Bpifrance); 2016 India (SIDBI); 2017 Finland (Finnvera); 2018 Canada (BDC); 2019 China (CDB), 2020 (virtual) and 2021 (virtual).
In pictures on the right, Executives of the founding members during the launch in 2012.

Our mission

Our mission is to bring MSME Development Banks together as thought leaders to foster the evolution of their respective practices to the benefit of MSMEs from around the world.


How we do it

To encourage collaboration among our organizations, The Montreal Group

  • holds annual meetings, rotating across member countries
  • develops thought leadership material and leads   
  • supports other initiatives that are in line with our mission and that benefits our members

Our Board of Directors / Officers

NameOrganizationThe Montreal Group
Mr. Pascal Lagarde

Executive Director, International, Strategy, Studies and Development

Banque publique d'investissement (Bpi), France

Chair of the Board &


 Mr. Juuso Heinilä

Executive Vice President, SME Financing

Finnvera, Finland

Vice-President & Director

Mr. Jérôme Nycz

Executive Vice President, BDC Capital

Business Development Bank of Canada (BDC)

Treasurer & Director

Mr. Ivan Cornejo

Director, International Financial Institutions

Nacional financiera banca de desarollo (NAFIN), Mexico


Mr. XIE Zhijun

General Manager, Planning & Administration Department

China Development Bank (CDB), China


Mr. Gabriel Ervilha 

Head of Investors Relations

Banco nacional de desenvolvimento economico e social (BNDES), Brazil


Dr. Ibrahim Almojel

Chief Executive Officer

Saudi Industrial Development Fund (SIDF), Saudi Arabia


Mr. Hicham Zanati Serghini

Director General

Caisse centrale de garantie (CCG), Morocco


Mr. Jean-Pierre Di Bartolomeo


Sowalfin (Belgium)


Mr. Tony Okpanachi 

Managing director / CEO

Development Bank of Nigeria Plc (DBN)


Ms. Sandra Péloquin

Director, International Relations

Business Development Bank of Canada (BDC)

Secretary General