A Memorandum of Understanding (MoU) was signed between Midland Bank Limited and UK-based business company Primadollar Operations Limited at the corporate head office of the bank in the city recently. In presence of Md. Ahsan-uz Zaman, Managing Director & CEO of Midland Bank, Khondkar Towfique Hossain, Head of International Division of MDB and Munawar Uddin, Country Manager for Bangladesh of Primadollar Operations Limited, signed the MoU on behalf of their respective organisations. Midland Bank Limited, signed an agreement with Primadollar Operations Limited, a UK-based company, to provide better services to its foreign trade customers, said a statement.
Midland Bank Limited jointly with Primadollar Operations Limited, will launch fintech-based factoring services for exporters. This will allow local exporters to receive their usance bills instantly drawn under sales contract. This will increase the cash flow of exporters.
Headquartered in the United Kingdom since 2015, Primadollar has 12 offices worldwide.
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