The Factor Chain International (FCI), in its recent Executive Committee meeting, has approved Mutual Trust Bank Limited (MTB) as an "Associate Member". With this approval, MTB has become the first Bangladeshi Bank with the credential of "associate membership" under the FCI umbrella.
Peter MULROY, the Secretary General of Factor Chain International (FCI), from its Head Quarter at The Netherlands, sent a letter to MTB, stating that "I have great pleasure in officially welcoming Mutual Trust Bank Limited to the FCI network. I am confident that MTB will contribute to the growth of international factoring under the FCI umbrella".
FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables. Established in 1968 as a non-profit global association, FCI is currently an association of around 400 member companies with the coverage of more than 90 countries, FCI offers a unique network for cooperation in cross-border factoring. Member transactions represent nearly 60% of the world's international correspondent factoring volume.
MTB joins FCI as an Associate Member
FE Team | Published: August 23, 2020 22:32:47
MTB joins FCI as an Associate Member
Share if you like