Emirates News Agency – FAB partners with Silver Birch Finance to provide best-in-class inventory solutions

ABU DHABI, 5th September, 2022 (WAM) — First Abu Dhabi Bank (FAB) on Monday announced its partnership with Silver Birch Finance Limited to offer inventory solutions to their local and international clients.

Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm that supports financial institutions by enabling them to offer corporate clients non-cash solutions. debt to optimize balance sheets and achieve specific supply chain objectives. This partnership allows FAB and Silver Birch to offer various inventory solutions to meet specific customer needs.

Our inventory solutions allow companies to optimize working capital for specific needs while minimizing any impact on the existing supply chain. The solutions enable strategic management of inventory held in “just in case” storage for “just in time” use. It also allows for volume or early payment discounts with suppliers, while harmonizing conditions to broaden the supply base or help secure strategic supply, mitigating future price increases. Solutions are applied to meet individual objectives.

Sara Al Binali, Group Head of Corporate, Commercial and International Banking at FAB, said, “FAB is proud to offer innovative solutions like Inventory Financing, which helps our valued customers meet their strategic requirements. We look forward to bringing this product to all of our customer segments.”

Sanjay Sethi, Head of Global Transaction Banking at FAB, said: “Through this strategic partnership with Silver Birch Finance, FAB will now be able to offer comprehensive trade solutions for payables, receivables and inventory, providing tailor-made solutions to our valued customers in UAE and other regional markets.”

Sean Hanafin, CEO of Silver Birch, said, “Silver Birch is delighted to partner with FAB, as a leading regional player and the largest bank in the UAE, to provide sustainable inventory solutions. to corporate customers, especially in this time of global supply chain disruption. and an increased strategic focus on ensuring secure inventory supply, which is the lifeblood of our customers’ operations. »

Previous Equities calm down, the euro crushed by the energy crisis
Next 2,000-Acre Texas Subdivision Has Largest Money-Saving Geothermal Network Ever Built