Habib Bank Limited (HBL) entered into an agreement with #Nestlé #Pakistan Ltd., the world's leading Nutrition, Health and Wellness Company, to offer state-of-the-art Cash Management solutions along with dealer and supplier financing.
The agreement was signed at a ceremony held at the HBL Corporate Centre, Lahore on Wednesday 10th of December.
Mr. John Davis (Head of Finance & Control) signed the agreement on behalf of Nestlé Pakistan, while Mr. Faiq Sadiq (Head, Payment Services) signed on behalf of HBL.
Under the agreement, HBL will provide a cutting edge solution for Nestlé Pakistan's collection of sales proceeds throughout Pakistan. The agreement will also benefit the dealers and suppliers of Nestlé Pakistan who will be provided financing to streamline their business with Nestlé.
Speaking at the event, Mr. Faiq Sadiq said "HBL's extensive branch network and state of the art IT platforms gives it a unique ability to provide Real Time Cash Management solutions to its clients. We hope that this strategic partnership between HBL and Nestlé would enable HBL in providing efficient, innovative and secure financial solutions to meet Nestlé's growing business needs.
Mr. John Davis also spoke at the event to appreciate HBL’s efforts to provide value-added services to Nestlé Pakistan. He commented that “Nestlé Pakistan is excited with the launch of the financial solutions which while bringing efficiencies in the Nestlé value-chain will also fulfil the financing requirements of our Distributors and local Suppliers who are key partners in our long-term business success.”
Members of senior leadership team from Nestlé and HBL were also present at the event.
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