Crescent: Another export finance fraud?

30 November,2018 | Tim Nicolle

News is breaking in Bangladesh of a US$90m fraud involving a government-owned bank (Janata) and a local exporter (Crescent Group).

Fraud risks have to be assessed and managed with great diligence and care. Making a poor credit decision can hurt, but fraud can be fatal to a bank, exporter

PrimaDollar and Agrani Bank

30 November,2018 | Tim Nicolle

PrimaDollar and Agrani Bank Limited (ABL) have agreed to cooperate in the provision of international trade finance services to exporters across Bangladesh.

A joint venture agreement was signed in this regard by the Managing Director & CEO of Agrani Bank Limited, Mr. Mohammad Shams-Ul Islam

Bangladeshi bank turns trade finance upside-down

30 November,2018 | Tim Nicolle

Bangladeshi exporters have been held back over the years by their reliance on the letter of credit.

First Security Islami Bank Limited has announced a new export finance product "Tasdir” that works without LC. Tasdir is powered by 

Fraud in the garment supply chain

30 November,2018 | Tim Nicolle

Fraud can catch you out in so many ways, and the fraudsters are getting smarter.

"Y&X" is a fraud of around Tk6,000,000,000 (just over US$70m). Around 20+ garment factories in Bangladesh have seemingly been stung for this amount by UK and Chinese criminals working in coordination.

PrimaDollar and FSIBL sign JV agreement

30 November,2018 | Tim Nicolle

PrimaDollar and First Security Islami Bank Limited (FSIBL) have agreed to cooperate in the provision of international trade finance services to export customers of FISBL. Historically, local banks in Bangladesh have found it difficult to offer discounting of open account receivables that are not backed

Sourcing from Bangladesh: how to get it right

30 November,2018 | Tim Nicolle

Bangladesh exports around US$28bn of garments per year (2016). Whilst it is the second largest garment exporter in the world, it is a long way behind China (approximately US$180bn per year, 2016).

This is our guide to sourcing from Bangladesh. From our office in Dhaka, we are financing Bangladeshi

UK's PrimaDollar offers funds to apparel makers

30 November,2018 | Tim Nicolle

This article was originally published in print and on line by The Daily Star, the leading English language newspaper in Bangladesh.

Garment factories, especially the small and medium-sized units, which are facing a financial crunch have good news as foreign financing companies are coming

Letters of credit and garment exports

30 November,2018 | Tim Nicolle

Originally published here (The Financial Express).

Letter of credit, as a system to protect the interests of the exporter and the exporting country, is no longer in conformity with

Easing cost of international trade transactions

30 November,2018 | Tim Nicolle

Originally published here (The Financial Express).

International Trade

In international trade, various modes of payment are being used

Article Ticker


Archives


Tags