Kathmandu. Laminar Tiles manufactured by Lumbini Ceramics Limited and Nabil Bank have entered into an agreement to provide channel financing facility to Laminar Tiles dealers across the country.
Mr. Prakash Poudel, Chief Financial Officer of Lumbini Ceramics Pvt. Ltd. and Mr. Tek Raj Bhatta, Chief Business Officer, Nabil Bank signed and exchanged the memorandum of understanding (MoU) amidst a program organized in Kathmandu.
Through this partnership, the dealers will be able to get the working capital easily, which will simplify the inventory management and further strengthen the business. Nabil Bank will also provide 0.5% loan administration fee, discount on LC and bank guarantee, 50% discount on corporate mobile banking, safe-deposit locker and POS machine fees, SMS transaction alerts, free credit card with maximum limit of Rs.5 lakhs for main staff and critical illness insurance under Nabil Care.
Both organizations believe that this collaboration will help increase liquidity of dealers, reduce financial burden and contribute to the sustainable development of Nepal’s tiles industry.
