Abrar A Anwar, CEO of Standard Chartered Bangladesh and Aditya Shome, Managing Director of Marico Bangladesh Ltd sign an agreement of supply chain finance program in the city recently. Under this agreement dealers of Marico will get financing facility fro

Economic Reporter :Standard Chartered Bangladesh has recently launched 'Supply Chain Finance' program (SCF) - a financing program for the dealers and suppliers of its corporate clients. 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 corporate clients, and their buyers and suppliers.In this context the bank has recently signed an agreement with Marico Bangladesh Ltd. Abrar A Anwar, CEO of the bank, Bangladesh part and Aditya Shome, Managing Director of Marico Bangladesh Ltd signed the agreement on behalf of their respective companies. Mohammad Iqbal Chowdhury, Director - Finance and Corporate Affairs of Marico Bangladesh, Apurva Jain, Head of Transaction Banking of Standard Chartered, Mohammad Enamul Huque, Head of Commercial Banking of Standard Chartered 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 Marico will get financing facility from Standard Chartered Bangladesh with easier terms to purchase goods from Marico.