|


Rubel Rana

Published:
2018-08-07 13:08:54 BdST

LafargeHolcim Bangladesh inks deal with Citibank


FT ONLINE

LafargeHolcim Bangladesh Limited (LHBL) and Citibank, N.A., Bangladesh have signed an agreement towards cooperation that enables LHBL to implement its ‘Supplier Invoice Financing’ programme, said a statement.

The programme enables LHBL suppliers to receive payments earlier than the scheduled agreed payment date with LHBL. With the presence of senior officials from both the organizations and valued LHBL suppliers, the signing ceremony was held at LHBL corporate office at Ninakabbo, Tejgaon, Dhaka on Sunday, said a statement.

Mr. Rajesh K Surana, CEO of LHBL and Mr. N. Rajashekaran, Managing Director and Citi Country Officer - Bangladesh signed the agreement on behalf of their respective organisations.

“Supplier Invoice Financing” is a programme offered by LHBL for their loyal and long standing suppliers. Under this programme, LHBL’s suppliers will avail early payment facility with simple and convenient terms and procedures.

 The Suppliers’ business reputation, track record and standing with LHBL will be the main criteria to be eligible to participate in this programme to help them grow their business and also contribute to the continued success and growth of LHBL.

Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.


Popular Article from Business