SCB signs supply chain finance deal with Holcim
Rajesh Surana, CEO of Holcim Cement (Bangladesh) Limited and Abrar A. Anwar, CEO of Standard Chartered Bangladesh (SCB) sign a deal on 'Supply Chain Finance' program in the city on Saturday. Achintya Pal and Sudeep Chatterjee, VP- Sales & Marketing of H
Economic Reporter :
Standard Chartered Bangladesh signed a ‘Supply Chain Finance’ program (SCF) deal with Holcim Cement (Bangladesh) Limited, according to a press release.
This is a global product program offered to deliver bank’s collective agenda on ‘Banking the eco system’ which is about deepening the relationship with Holcim Cement (Bangladesh) Limited, and their buyers. This is first of its kind in the cement and building material industry in Bangladesh, the press release said.
In this regard, Rajesh Surana, CEO of Holcim Cement (Bangladesh) Limited and Abrar A. Anwar, CEO of Standard Chartered Bangladesh have signed the agreement on behalf of their companies. Achintya Pal, CFO and Sudeep Chatterjee, VP- Sales & Marketing of Holcim Cement (Bangladesh) Limited, Apurva Jain, Managing Director & Head – Transaction Banking of SCB and other senior officials of the two companies were also present in the ceremony.
Standard Chartered bank is the first foreign bank to launch such program in Bangladesh market. Under this program the dealers of Holcim will get the financing facility from Standard Chartered Bank with easier terms to purchase goods from Holcim.
Standard Chartered Bangladesh signed a ‘Supply Chain Finance’ program (SCF) deal with Holcim Cement (Bangladesh) Limited, according to a press release.
This is a global product program offered to deliver bank’s collective agenda on ‘Banking the eco system’ which is about deepening the relationship with Holcim Cement (Bangladesh) Limited, and their buyers. This is first of its kind in the cement and building material industry in Bangladesh, the press release said.
In this regard, Rajesh Surana, CEO of Holcim Cement (Bangladesh) Limited and Abrar A. Anwar, CEO of Standard Chartered Bangladesh have signed the agreement on behalf of their companies. Achintya Pal, CFO and Sudeep Chatterjee, VP- Sales & Marketing of Holcim Cement (Bangladesh) Limited, Apurva Jain, Managing Director & Head – Transaction Banking of SCB and other senior officials of the two companies were also present in the ceremony.
Standard Chartered bank is the first foreign bank to launch such program in Bangladesh market. Under this program the dealers of Holcim will get the financing facility from Standard Chartered Bank with easier terms to purchase goods from Holcim.
