Dairy Farm Singapore awards trade mandate to DBS

DBS implements a new working capital solution for the Singapore retailer.
Tom McCabe, DBS
Tom McCabe, DBS

DBS Bank has launched a supplier financing programme with retail group Dairy Farm Singapore and, according to the bank, it is the first of its kind for the retail industry in the country. Dairy Farm operates more than 800 retail stores in Singapore under the 7-Eleven, Cold Storage, Giant hypermarket, Guardian Health and Beauty, Market Place and Shop N Save supermarkets brand names.

“DBS recognises the growing trend of supply chain financing in the market and the need for innovative working capital solutions that could strengthen the supply chain relationships between our valuable corporate customers and their suppliers,” said Vijay Vashist, managing director of global transaction services at DBS...

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