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First Abu Dhabi Bank Partners with Silver Birch Finance to Provide Best-in-Class Inventory Solutions
September 5, 2022, Abu Dhabi: First Abu Dhabi Bank (FAB), the largest bank in the UAE and one of the largest and safest financial institutions in the world, today announced a partnership with Silver Birch Finance Limited (“Silver Birch”) to provide inventory solutions to its local and international clients .
Headquartered in the UK, Silver Birch is a specialist working capital structuring, advisory and execution firm, supporting financial institutions, enabling them to provide corporate clients with non-debt solutions to optimise balance sheets and meet specific supply chain objectives. This partnership enables FAB and Silver Birch to offer a variety of inventory solutions to meet specific customer needs.
Our inventory solutions enable businesses to optimize working capital for specific needs while minimizing disruption to existing supply chains. The solution allows for the strategic management of inventory kept in “just in case” storage for “just in time” use. It can also enable bulk or early payment discounts with suppliers, while coordinating terms to expand the supply base or secure strategic supply to mitigate future price increases. Solutions are applied in ways that meet individual goals.
Sara Al Binali, Head of Corporate, Commercial and International Banking at FAB, said: ”FAB is proud to provide innovative solutions, such as inventory financing, to help our valued customers meet their strategic requirements. We look forward to offering this product to all of our customer bases”.
Sanjay Sethi, head of global transaction banking at FAB, said: ”Through a strategic partnership with Silver Birch Finance, FAB is now able to offer tailor-made solutions to our valued clients in the UAE and other regional markets, providing comprehensive coverage for accounts payable, receivables and inventory. trade solutions.
Sean Hanafin, CEO of Silver Birch, said: “Silver Birch is delighted to partner with FAB, a leading regional player and the largest bank in the UAE, to provide corporate clients with sustainable inventory solutions, especially at a time of global supply chain disruption and increased strategic focus to ensure safe stock supply , which is the lifeblood of our customers’ operations.”
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