Standard Chartered Bank (SCB) has launched the Export Receivable Finance for Financial Institutions or Banks (RFFI) programme in Bangladesh, aimed at enhancing receivables financing for exporter clients of local partner banks. The initiative leverages SCB’s global network and relationships with international buyer banks to help exporters access financing at competitive rates.
Under the programme, SCB has signed a Master Receivable Purchase Agreement with Eastern Bank PLC (EBL). The arrangement enables EBL exporters to receive early payment against deferred letters of credit, improving liquidity and working capital by shortening the cash cycle and allowing access to funds before payment maturity.
SCB has long offered cross-border supplier financing programmes to support export proceeds against deferred terms. With the introduction of the RFFI programme, the bank is extending similar support to partner banks, with the aim of strengthening Bangladesh’s export sector and supporting wider business activity.
SCB Bangladesh Country Head of Transaction Banking Luthful Arefin Khan said the bank has maintained a leadership role in facilitating cross-border trade flows and correspondent banking solutions for financial institution clients. Through the new programme, the bank is further strengthening support across the export value chain, while valuing EBL as a longstanding and trusted partner, he said.
EBL Head of Transaction Banking Md Jabedul Alam said the partnership reflects the bank’s commitment to delivering innovative trade finance solutions for exporters. By improving access to timely liquidity, the initiative aims to support sustainable business growth and strengthen Bangladesh’s position in global trade, he said.
SCB Bangladesh has operated in the country for more than 120 years and remains the only multinational universal bank in Bangladesh. EBL is a leading private commercial bank, serving retail, small and medium enterprise, corporate, and non-resident Bangladeshi customers.
