Business Desk:
NCC Bank PLC has signed a Memorandum of Understanding (MoU) with six companies of Akij Resource Group to introduce a comprehensive supply chain financing (SCF) arrangement for their designated suppliers. The partner firms include Akij Essentials Limited, Hashem Rice Mills Limited, Akij Agro Feed Limited, Akij Ispat Limited, Nobayon Traders Limited and Akij Cement Company Limited, according to a press release.
Under the agreement, NCC Bank will offer SCF facilities to eligible suppliers, enabling faster access to working capital against buyer-approved invoices. The initiative aims to ease liquidity challenges for businesses and support a more efficient supply chain ecosystem.
