Midland Bank Limited signed an issuing bank agreement with Exim Bank of India under the latter’s Trade Assistance Programme in Dhaka today.
Md. Ahsan-uz Zaman, Managing Director & CEO of Midland Bank and Tarun Sharma, Chief Financial Officer of the Exim Bank of India, signed the agreement on behalf of their respective organizations through a simple ceremony held at the Board Room of the former’s head office in Gulshan, Dhaka.
Through this agreement, Midland Bank is going to enhance its existing support for their corporate and SME clients’ trade finance needs in India. The Exim Bank of India is a specialised financial institution wholly owned by the Indian government that has a presence in foreign cities around the world. They are the Export Credit Bank of India to support their local export business. Besides, they have expertise in corporate business, guarantee business, trade finance business and project financing along with other banking services.
Midland Bank believes this agreement will further expand the relationship between Bangladesh and India. Khondkar Towfique Hossain, Head of International Division of MDB, and other senior officials from both organizations were present at the signing.