FMO, StanChart sign deal with 3 banks on trade facility
Netherlands Development Finance Company (FMO) and Standard Chartered Bank (SCB) Bangladesh have recently signed an agreement on Bangladesh Trade Enhancement Facility (BDTEF) with 3 local private banks -- Bank Asia Ltd, One Bank Ltd and Mercantile Bank Ltd, says a press release. With this trade enhancement facility, FMO partly guarantees the confirmation by SCB for letters of credit issued by the participating local private banks in Bangladesh. The banks already participating under this agreement are Dhaka Bank Ltd, Dutch-Bangla Bank Ltd, Prime Bank Ltd and Southeast Bank Ltd. Managing directors and other senior officials of the participating banks, SCB, and FMO representatives were present at the signing ceremony. The agreement on BDTEF was first signed by SCB with FMO in February 2001. BDTEF is also bringing in hosts of training and development programmes under the sponsorship of FMO and SCB. As continuation of these efforts, FMO and SCB organised an asset and liability management training course from June 03 - 07, 2007 in Dhaka. Ziegfried Vermaak, CEO of SIMARCH NV of Belgium, conducted the course for senior executives of six participating banks under the BDTEF.
|
|
