Business Report :
Standard Chartered Bangladesh recently implemented a unique structured trade solution for TK Group, helping them navigate challenging market conditions to procure critical commodities with unmatched efficiency.
The facility is supporting import of critical commodities such as refined, bleached, and deodorized (RBD) palm olein; crude degummed soybean oil (CDSO); wheat; and other essentials.
This innovative structured trade solution leverages Standard Chartered’s high quality balance sheet and unique capabilities to enable TK Group to access funds at a competitive rate and eliminate exchange rate risk, despite market headwinds.
The solution will help TK Group manage their supply chain seamlessly, utilizing the bank’s strong network and technology platforms to streamline processes, and capitalize on market opportunities.
Luthful Arefin Khan, country head of transaction banking, Standard Chartered Bangladesh, said: “We are proud to be part of T.K. Group’s long-standing success in Bangladesh by creating a solution that not only meets their financial requirements, but also enhance their market success and overall supply chain efficiency. We look forward to continuing our collaboration and to support TK Group achieve their ambitions.”