ONE Bank signs MoU with PrimaDollar

ONE Bank Limited recently signed a Memorandum of Understanding (MoU) with PrimaDollar Operations Limited for facilitating factoring for exporters in Bangladesh.

This arrangement will enable exporters to offer extended credit terms to their foreign buyers in one hand and to add liquidity to their business on the other.

M. Fakhrul Alam, Managing Director of ONE Bank Limited, and Munawar Uddin, Country-Lead of PrimaDollar Operations Ltd., led the ceremony on behalf of their respective organization.

Among others Md. Monzur Mofiz, Additional Managing Director, Md. Belayet Hossain, EVP & Head of International Division, ONE Bank Ltd. and other senior officials from both the organisations were present at the signing ceremony.