LafargeHolcim, StanChart team up for distributor financing programme

LafargeHolcim Bangladesh Ltd has become the latest partner of Standard Chartered Bank's “Distributor Financing” programme.

The bank is offering the programme for the distributors of LafargeHolcim to enhance its business capacity, the bank said in a statement.

This global programme is part of the bank's 'Banking the ecosystem' initiative, which aims at deepening relationships with corporate clients, and their buyers, according to the statement.

Rajesh K Surana, CEO of LafargeHolcim Bangladesh Ltd, and Abrar A Anwar, CEO of Standard Chartered Bank Bangladesh, signed the agreement at the head office of the bank in Dhaka on Sunday.

With this initiative, the distributors of LafargeHolcim Bangladesh will be able to get financing facilities from Standard Chartered Bank with easier terms and a very competitive pricing against their purchase of goods from LafargeHolcim Bangladesh.

In the last few years, Standard Chartered has become active in the market in financing the supply chain of its corporate clients.