Mercantile Bank sign MoU with Tradewind

Mercantile Bank PLC recently signed a Memorandum of Understanding (MoU) with Tradewind GmbH, Germany, for availing non-recourse export factoring against sales contracts, usance LC discounting, and import factor services for the export and import customers of Mercantile Bank.

Ahmed Shaheen, Additional Managing Director; Shamim Ahmed, Deputy Managing Director and CAMLCO; and Md Fakhruzzaman Chowdhury, EVP and Head of International Division of the bank, along with Soheil Zali, Regional CEO, Middle East and South Asia, says a press release.

Mahmoud Ibrahim, Regional Operations Director - MESA; and Md Rashedul Hasan, Country Commercial Head - Bangladesh of Tradewind, signed the MoU on behalf of their respective organizations at the bank’s premises. Other senior officials from both organisations were also present on the occasion.