HSBC Bangladesh and Nestlé Bangladesh recently signed an agreement to offer “Buyer Approved Invoice Finance” (BAIF) for Nestlé’s suppliers, said a statement.
This is a new supply chain financing proposition that provides more efficient and cost-effective working capital solution for buyers and their suppliers.
Stéphane Nordé, Managing Director, Nestlé Bangladesh and Francois de Maricourt, Chief Executive Officer, HSBC Bangladesh signed the agreement in presence of officials from both the companies.
-rmc//