Bangladesh, Oct. 28 -- Mercantile Bank PLC recently signed a Memorandum of Understanding (MoU) with Tradewind GmbH, Germany, for availing non-recourse export factoring against sales contracts, usance LC discounting, and import factoring services for the export and import customers of Mercantile Bank.

Ahmed Shaheen, Additional Managing Director; Shamim Ahmed, Deputy Managing Director & CAMLCO; and Md. Fakhruzzaman Chowdhury, EVP & Head of International Division of the bank, along with Soheil Zali, Regional CEO, Middle East & South Asia; Mahmoud Ibrahim, Regional Operations Director - MESA; and Md. Rashedul Hasan, Country Commercial Head - Bangladesh of Tradewind, signed the MoU on behalf of their respective organisations at the bank's pr...