SJIBL inks MoU with UK-based PrimaDollar

Shahjalal Islami Bank Limited in collaboration with PrimaDollar will launch shortly fintech based factoring solution to the exporters where local exporters will be able to obtain their deferred receivables on a sight basis.

This solution is secure, faster and will help to shorten the cash cycle of the exporters. PrimaDollar Operations Ltd. a global trade financier headquartered in the UK founded in 2015, which presently have 12 offices across the globe.

Shahjalal Islami Bank Limited signed a Memorandum of Understanding (MoU) with UK-based trade finance provider PrimaDollar Operations Ltd. on 18th August 2020 at Bank’s Corporate Head Office by maintaining proper hygiene and social distance. The Deputy Managing Director & Chief Operating Officer (COO) of Shahjalal Islami Bank Limited Mr. M. Akhter Hossain and the Country-Lead, Bangladesh Liaison Office of PrimaDollar Operations Ltd. Mr. Munawar Uddin, signed on the MoU on behalf of their own organizations.

Among others, the senior officials from the both organizations were also present at the signing ceremony.