Shahjalal Islami Bank signs MoU with PrimaDollar

FE Team | Published: August 19, 2020 22:39:28

Shahjalal Islami Bank Limited signed a Memorandum of Understanding (MoU) with UK-based trade finance provider PrimaDollar Operations Ltd on Tuesday at the bank's corporate head office. Deputy Managing Director & Chief Operating Officer (COO) of Shahjalal Islami Bank Limited M. Akhter Hossain and Country-Lead, Bangladesh Liaison Office of PrimaDollar Operations Ltd Munawar Uddin, signed the MoU on behalf of their respective organisations.

Shahjalal Islami Bank Limited in collaboration with PrimaDollar will launch shortly a fintech-based factoring solution to the exporters where local exporters will be able to obtain their deferred receivables on a sight basis. This solution is secure, faster and will help to shorten the cash cycle of the exporters. PrimaDollar Operations Ltd, a global trade financier headquartered in the UK founded in 2015, which presently have 12 offices across the globe. Shahjalal Islami Bank Limited signed a Memorandum of Understanding (MoU) with UK-based trade finance provider PrimaDollar Operations Ltd on Tuesday at the bank's corporate head office by maintaining proper hygiene and social distance. Deputy Managing Director & Chief Operating Officer (COO) of Shahjalal Islami Bank Limited M. Akhter Hossain and Country-Lead, Bangladesh Liaison Office of PrimaDollar Operations Ltd Munawar Uddin, signed on the MoU on behalf of their respective organisations.
— Statement