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ONE Bank Limited Signed MoU with PrimaDollar Operations Limited
ONE Bank Limited recently signed 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. Mr. M. Fakhrul Alam, Managing Director of ONE Bank Limited and Mr. Munawar Uddin, Country-Lead of PrimaDollar Operations Ltd., led the ceremony on behalf of their respective organization. Among others Mr. Md. Monzur Mofiz, Additional Managing Director, Mr. Md. Belayet Hossain, EVP & Head of International Division, ONE Bank Ltd. and other senior officials from both the organizations were present in the signing ceremony.