Faysal Bank Limited, one of the leading banks in Pakistan is to join hands with Ontex Pakistan Private Limited; a Belgium-based leading personal hygiene company. The alliance is a strategic supply chain financing arrangement to facilitate distributors of Ontex across Pakistan.
The strategic alliance is a significant step for both the organisations working together to deliver modern financing solutions and facilitate distributors of Ontex to enhance and grow business in Pakistan.
Commenting on the alliance, Head of Retail Banking Fouad Farrukh said, “Faysal Bank is committed to delivering specialised solutions across the spectrum of trade finance and services through its supply chain financing arrangements. The depth and breadth of our trade solutions, coupled with our extensive footprint, puts us in a unique position to service the changing needs of our clients across the country.”
He further added, “I have a firm belief that by entering into a strategic alliance with Ontex, Faysal Bank will play a pivotal role in providing the distributors with effective trade solutions, creating a stronger bond between both the business parties.”
Speaking at the occasion, General Manager Ontex Pakistan Haroon Rashid said, “It is a pleasure to have this alliance with one of the leading banks in Pakistan, which will go a long way in facilitating us and our business partners/distributors to exponentially grow our business in the years to come. We are pleased to join hands with Faysal Bank to create a win-win situation for all stakeholders”. Also present at the occasion was General Manager Ontex MENA, Mr Özgür Akyıldız,
