Eastern Bank Limited (EBL) has signed a trade facility agreement with KfW IPEX-Bank to expand trade between Bangladesh and Germany and other European countries.
Mehdi Zaman, deputy managing director and head of Treasury, FIs and Offshore Banking, Iftikhar Imam, head of Inbound Business and China Desk, EBL; Tina Baumann, director and team head Financial Institutions and Sovereigns, Johannes Memming, assistant vice president, Financial Institutions and Sovereigns of KfW IPEX-Bank signed the deal on behalf of their respective organisations, said a press release on Saturday.
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Mayank Mittal, director and head of Representative Office, KfW IPEX-Bank and others were present on the occasion.
“KfW IPEX-Bank is very glad to work with EBL, a long and esteemed partner of KfW DEG. We look forward to long-term cooperation with EBL,” Tina Baumann said.
Mehdi Zaman in his remarks said, “EBL is privileged and honoured to be the first Bangladeshi Bank to partner with KfW IPEX-Bank to offer trade facility in catering for the needs of customers.”
