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Banco Nacional de Desenvolvimento Economico e Social - BNDES
Founding member 2012
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Banque publique d'investissement - Bpifrance
Founding member 2012
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Business Development Bank of Canada - BDC
Founding member 2012
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Caisse Centrale de Garantie - CCG
Joined in 2019
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China Development Bank - CDB
Founding member 2012

Development Bank of Nigeria Plc - DBN
Joined in 2020

Joined in 2014
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Nacional Financiera Banca de Desarollo - NAFIN
Founding member 2012
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Saudi Industrial Development Fund - SIDF
Joined in 2016
Saudi Arabia

Joined in 2020


Members — State-owned development banks focusing on micro, small and medium-sized enterprises.

The following three main criteria must be met:

  • Strong Interest in Micro, Small and Medium Size Enterprises
  • Meaningfulness relative to size in its jurisdiction
  • Capacity and willingness to contribute to the Group

Becoming a member — Qualified development banks that are interested in joining The Montreal Group should contact the Secretariat, in order to receive more information. 

Become a member


Upcoming & Recent

Due to COVID19 outbreak, the 2020 Annual Meeting that took place on May 26 was by virtual means. Certainly, a unique international experience of its kind.

The Annual Meeting 2021 will also take place virtually the 30th and 31st of March.

Virtual Board 2020


In October 2019, The Montreal Group hosted its first CEO Gathering in Amsterdam. This private event by-invitation-only took place on the outskirts of the Global Finance Forum.

CEO Gathering 2019 Amsterdam

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).