Pakistan renowned bank HBL struck a deal with 2 big FMCG companies to provide credit line to their dealers. This deal will help HBL to improve private off take. HBL's Abid Sattar Head of global operations and Munib Shah GM business policy jointly issue a policy in this regard. In this letter staff of HBL informed that the bank in a deal with Nestle Pakistan and Unilever Pakistan for the Dealer Finance scheme. This Scheme was introduced in March 9, 2011 only for the Point of sales. HBL send a 29 page letter with procedures to all branch managers, and relevant officers and departments. Dealer Finance Facility is a controlled overdraft facility which is only to be utilized for financing of purchases by Nestle and Unilever. Over draft shall only be used to make payments of designated accounts of Nestle and Unilever collection accounts operated by HBL. Nestle Pakistan dealer could obtain up to PKR 100 million and Unilever Pakistan dealers allow up PKR 75 million. Opening of these overdraft accounts only allowed after fulfilling KCY and AMI laws of central bank. An analyst says this will improve HBL private credit with secure recovery. This will also improve the sales of both companies.

Pakistan renowned bank HBL struck a deal with 2 big FMCG companies to provide credit line to their dealers. This deal will help HBL to improve private off take.  HBL's Abid Sattar Head of global operations and Munib Shah GM business policy jointly issue a policy in this regard.

 In this letter staff of HBL informed that the bank in a deal with Nestle Pakistan and Unilever Pakistan for the Dealer Finance scheme. This Scheme was introduced in March 9, 2011 only for the Point of sales. HBL send a 29 page letter with procedures to all branch managers, and relevant officers and departments.

Dealer Finance Facility is a controlled overdraft facility which is only to be utilized for financing of purchases by Nestle and Unilever. Over draft shall only be used to make payments of designated accounts of Nestle and Unilever collection accounts operated by HBL.

Nestle Pakistan dealer could obtain up to PKR 100 million and Unilever Pakistan dealers allow up PKR 75 million. Opening of these overdraft accounts only allowed after fulfilling KCY  and AMI laws of central bank.

An analyst says this will improve HBL private credit with secure recovery. This will also improve the sales of both companies.