Mutual Trust Bank Ltd.
  MTB in the News
MTB facilitates first ever export credit transaction
Mutual Trust Bank Ltd. (MTB), in association with DS –Concept factoring GmbH, a German trade finance institution, recently facilitated factoring i.e. advance against export receivables upon assignment of proceeds of export bills of deferred payment term. MTB Managing Director & CEO Anis A. Khan and country manager of DS-Concept factoring GmbH, Alexander Pinkas inaugurated the first ever such transaction, executed for one of the RMG exporter clients of MTB, at a simple ceremony held at the Corporate Head Office of the bank. Additional Managing Director of MTB, Md. Ahsan-uz Zaman, Head of MTB International Trade services, Md. Bakhteyer Hossain, Mr. Rene Pastor, Senior Executive Vice President & Head of Legal, DS Concept Factoring Germany and other senior officials of both the companies attended the program

The arrangement made between DS-Concept factoring GmbH & MTB will substantially benefit both the client & the bank in terms of better management of both the organization's future cash flows. DS-Concept also covers credit insurance coverage against potential payment default under export contract which is gradually substituting the conventional Letter of Credit covered export. Apart from export financing, MTB & DS-Concept factoring GmbH are expecting to reach an agreement for arrangement for financing of imports through discounting import bills under the deferred payment terms, which is gaining popularity in Bangladesh.
Home | Download | Links | Web Mail
© Copyright. Mutual Trust Bank Ltd. All rights reserved.