Faysal Bank, Ontex enter into strategic alliance

Faysal Bank Limited (Faysal Bank), one of the leading banks in Pakistan, joins 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 organizations, working together to deliver modern financing solutions and facilitate distributors of Ontex to enhance and grow business in Pakistan.

Commenting on the alliance Fouad Farrukh, Head of Retail Banking, Faysal Bank said “Faysal Bank is committed to deliver specialized solutions across the spectrum of trade finance and services through its Supply Chain financing arangements. The depth and breadth of our trade solutions coupled with our extensive footprint put 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 and creating a stronger bond between both the business parties.”

Speaking at the occasion, Haroon Rashid, (General Manager), Ontex Pakistan, 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 stake holders. Also present at the occasion was Özgür Akyýldýz, General Manager, Ontex MENA.

Published in Pakistan Observer, March 28^th, 2017