In the 90’s a broad consensus arose on the complementarity between commercial banks and microfinance institutions (MFIs) to address the financial needs of diverse clients. The commercialisation process has established itself as one of the main drivers guiding the evolution of the microfinance market, thus showing that the two “worlds” are getting closer. In some regions of the world, especially in Latin America and India, this leads to the emergence of microfinance banks. In Europe, microfinance development is mainly supported by the MFIs and less by the banks with some well-known exceptions. The 2009-11crisis intensified this general trend by preventing commercial banks to any further downscaling or to enter the microfinance market segment. On the other hand, good corporate governance plays a fundamental role in creating transparency and boosting the MFIs’ reputation, both of which are key factors in attracting new investors and partners.