Bank of America Named North America’s Best SME Bank for 2026

New York, USA – As small and medium-sized enterprises (SMEs) across North America navigate a rapidly evolving economic landscape, Bank of America has been named the Regional Winnerfor the “World’s Best SME Banks 2026”, recognizing its exceptional commitment to innovation, digital banking excellence, and strategic support for business customers across the United States and Canada.

In a year defined by market volatility, rising competition, and shifting consumer behavior, North American SMEs have relied heavily on agile financial solutions, advanced digital services, and strong institutional support to sustain momentum. Bank of America’s customer-centric strategy, data-driven tools, and robust financial ecosystem positioned it as a clear leader in empowering businesses to grow and adapt.

A Landmark Win for Bank of America in a Transforming SME Landscape

The recognition reflects Bank of America’s multi-year investment in end-to-end digital banking, AI-powered financial planning tools, and a nationwide advisory network dedicated to supporting more than 3 million small business clients.

From next-generation payment systems to working capital optimization and tailored lending programs, the bank has strengthened its role as a critical partner for SMEs facing new economic challenges.

“This award highlights our ongoing commitment to entrepreneurs and business owners who define the economic backbone of North America,” said Sharon Miller, President of Small Business at Bank of America. “SMEs require speed, smart technology, and financial predictability. We’re proud to provide solutions that help them scale, innovate, and compete in today’s dynamic economy.”

North American SMEs Lean on Innovation to Drive Growth

Despite ongoing uncertainties in trade, supply chains, and labor markets, SMEs across the region are displaying record levels of innovation. Digital adoption—from online banking to cloud finance management—has become essential for:

• Faster access to credit
  
• Real-time cash flow insights
  
• Automated payroll and invoicing
  
• Cross-border transactions
  
• Cybersecurity and fraud protection
  
• Sustainable financing pathways
  

Bank of America has played a significant role in this transformation through strategic offerings including CashPro, Business Advantage 360, digital onboarding, and transparent lending programs crafted to simplify complex financial workflows.

Its continued expansion of digital loans, mobile-first services, and access to capital for underserved communities contributed to its top position in the 2026 evaluation.

Supporting Growth Through Responsible Finance

In an era where SMEs are increasingly embracing sustainability, Bank of America also introduced targeted programs to support:

• Green business investments
  
• Renewable energy adoption
  
• Environmentally responsible purchasing
  
• Climate risk management for SMEs

The bank’s $1.5 billion commitment toward community development and small business lending in 2025 positioned it as a regional leader in supporting businesses that prioritize responsible growth.

“Our mission is to build an inclusive economic future. Helping SMEs scale responsibly is a cornerstone of that mission,” commented Brian Moynihan, CEO of Bank of America. “We are honored to receive this recognition and will continue delivering innovative tools that empower businesses of every size.”

Why Bank of America Stood Out in 2026

The selection process for the “World’s Best SME Banks 2026” award evaluated institutions based on:

• Digital transformation and mobile banking innovation
  
• Accessibility of funding and lending stability
  
• Customer satisfaction and advisory support
  
• Sustainable finance leadership
  
• Integration of emerging technologies (AI, automation, analytics)
  
• Impact on economic development

Bank of America’s impact was strengthened by its unparalleled network, deep sector expertise, and its ability to scale solutions across multiple industries—including retail, healthcare, manufacturing, logistics, and technology startups.

SMEs Remain the Economic Engine of North America

Small and mid-sized enterprises represent over 99% of all businesses in the region, contributing significantly to employment, local development, and the innovation pipeline. As these businesses expand their reliance on digital commerce, AI-enabled tools, and flexible financing, the banking sector’s role has evolved from transactional service provider to strategic growth partner.

Bank of America’s award marks a broader shift in the region’s financial ecosystem—one powered by collaboration, technology, and targeted economic empowerment.

About the “World’s Best SME Banks” Awards

The annual World’s Best SME Banks ranking evaluates banking institutions around the globe for their excellence in small business services, innovation, financial inclusion, and market impact. The awards recognize banks that:

• Champion small business resilience
  
• Elevate digital banking accessibility
  
• Drive sustainable economic development
  
• Demonstrate leadership in advisory excellence

North America’s 2026 edition highlights Bank of America as the Regional Winner, reaffirming its place as a global leader in SME financial solutions.

About Bank of America

Bank of America is one of the world’s leading financial institutions, offering banking, investing, and advisory solutions to individuals, SMEs, and global corporations. With a strong digital-first approach and a commitment to financial inclusion, the bank provides integrated services that support millions of business owners across North America.