Standard Chartered completes country’s first automated over-the-weekend loan disbursement for Nestlé | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 23, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 23, 2025
Standard Chartered completes country’s first automated over-the-weekend loan disbursement for Nestlé

Corporates

TBS Report
07 August, 2022, 04:00 pm
Last modified: 07 August, 2022, 04:10 pm

Related News

  • Nestlé Bangladesh begins exports to Sri Lanka
  • Standard Chartered Bangladesh appoints new chief financial officer
  • Can Bangladesh’s weiji moment trigger the next phase of growth? StanChart asks
  • PKSF approves five-year strategic plan, Tk11,000cr loan target for FY2025–26
  • SME Foundation wants to disburse Tk1,000cr loan fund announced in budget

Standard Chartered completes country’s first automated over-the-weekend loan disbursement for Nestlé

TBS Report
07 August, 2022, 04:00 pm
Last modified: 07 August, 2022, 04:10 pm
Photo: Courtesy
Photo: Courtesy

Standard Chartered Bangladesh has completed the country's first automated over-the-weekend loan disbursement under its distributor finance programme.

The first client to receive the funds from a distributor financing loan on a weekend was Nestlé Bangladesh Ltd, said a press release.

According to the media release, it has been a long-standing demand from clients to arrange for disbursement of loans during the weekends. Distributors need goods delivery during weekend, but as manufacturers do not deliver the goods until they receive the funds, the clients had to draw the loans on Thursday. Now, through the disbursement of over-the-weekend automated loans, distributors will be able to drawdown the loan as and when required and will be able to save interest expense.

The bank was the first in the country to launch a fully automated, online distributor financing programme called Flexiloan in 2018. It has now introduced enhanced capabilities enabling drawdown of these loans in the weekends as well. This enhancement will empower distributors, which are usually small and medium enterprises, by giving them access to finance seven days of the week.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Luthful Arefin Khan, head of Transaction Banking, Standard Chartered Bangladesh said, "We started our distributor financing programme with the goal to support small and medium enterprises (SME) who are distributors for our corporate clients. Through this programme, the distributors not only benefit from the collateral-free structure and competitive pricing, but also learn financial discipline and proper book-keeping.  

We understand that these loans are very time-critical, which is why we have made the disbursement fully automated and fully online. I would like to thank Nestlé Bangladesh for inspiring us to make this enhancement. I congratulate them on becoming the first client to drawdown these loans on a weekend."

Deepal Abeywickrema, managing director, Nestlé Bangladesh Limited said, "Nestlé Bangladesh Limited has been the pioneer in Customer Financing in Bangladesh with Standard Chartered Bank (SCB). I am excited to see the rollout of another "industry first" innovative solution, focused on "Customer Centricity," together by Nestlé Bangladesh Limited and Standard Chartered Bank.

The new solution will help us enhance the freshness and greatly improve the service level of our customers in bringing high-quality and world-class products to our consumers. I am sure this will be another great tool that other SMEs can equally benefit from. I thank SCB for being at the forefront of new advancements in banking solutions with Nestlé Bangladesh Limited."

Standard Chartered is a multinational universal bank in Bangladesh, with over 117 years of presence in the nation. The bank has been a committed partner in progress to Bangladesh, facilitating major investments in power, energy, transportation, and urban development. It accounted for a major share of all export and import financing, respectively, last year, as well as power generation financing and SME lending by foreign banks.

It commands a leading position in the retail finance space, with strong share of card spend, consistently growing internet banking users, and the launch of several innovative products. Over the years, the bank continued its pioneering streak with a number of firsts for the country, including the first green bond, the first green zero-coupon bond, the first carbon neutral credit card, the first faith-based banking solution that supports customer philanthropy, and the first sustainable trade finance transaction.

Standard Chartered Bangladesh / Nestlé Bangladesh / Loan disbursement

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA
  • The jet plane charred after crash on 21 July at the Milestone school premises. Photo: Mehedi Hasan/TBS
    Milestone crash: 9-year-old burn victim dies in ICU, death toll rises to 32

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • The jet plane charred after crash on 21 July at the Milestone school premises. Photo: Mehedi Hasan/TBS
    Milestone plane crash: Death toll rises to 31 as nine more succumb to injuries
  • Students and police clash at Milestone School and College on 22 July 2025. Photo: TBS
    Protesting Milestone students clash with police, besiege law and education advisers
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Aerial view of the Milestone school premises where the crash took place on 21 July. Photo: Olid Ebna Shah/ TBS
    ‘Why here?’: Concerns expressed over airbase inside city

Related News

  • Nestlé Bangladesh begins exports to Sri Lanka
  • Standard Chartered Bangladesh appoints new chief financial officer
  • Can Bangladesh’s weiji moment trigger the next phase of growth? StanChart asks
  • PKSF approves five-year strategic plan, Tk11,000cr loan target for FY2025–26
  • SME Foundation wants to disburse Tk1,000cr loan fund announced in budget

Features

Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

18h | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

12h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

2d | Panorama

More Videos from TBS

32 killed in warplane crash in Milestone, live from Burn Institute

32 killed in warplane crash in Milestone, live from Burn Institute

51m | TBS Today
What information did the director of the NBPSI give about the admitted patients?

What information did the director of the NBPSI give about the admitted patients?

11h | TBS Today
India is sending specialist doctors, nurses and equipment to treat burn victims

India is sending specialist doctors, nurses and equipment to treat burn victims

1h | TBS Today
What is discussed at the Chief Advisor's meeting?

What is discussed at the Chief Advisor's meeting?

11h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net