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Friday | October 30, 2026 | Dhaka

Mercantile Bank deals with Tradewind

 Business Desk
 Published: 12:04 AM, 30 October 2026

Mercantile Bank PLC has signed a memorandum of understanding (MoU) with Germany-based Tradewind GmbH to expand trade finance options for its export and import customers, including non-recourse export factoring, usance LC discounting and import factoring services.

Shamim Ahmed, deputy managing director and CAMLCO of Mercantile Bank, and Soheil Zali, regional chief executive officer for the Middle East and South Asia at Tradewind, signed the MoU at the bank’s head office in Dhaka recently, according to a press release.

Under the MoU, the bank’s customers will have access to non-recourse export factoring against sales contracts, usance letter of credit (LC) discounting and import factoring services.

Ahmed Shaheen, additional managing director of the bank, and Md Fakhruzzaman Chowdhury, executive vice-president and head of its international division, attended the signing ceremony.