PrimaDollar offers low-cost export finance

Staff Correspondent

6 September, 2019 12:00 AM printer

PrimaDollar, a UK based finance company, has recently announced two special features in Bangladesh to help overcome the lower pricing of the country’s merchandise.

The projects include Bangladesh export finance to cover up the lower pricing of exportable goods and a commitment of up to US$250m of new funds to the market.

With rising the trade friction with China, Bangladeshi exporters need low cost liquidity to power their growth going forward. Although UK-based and despite Brexit overhanging our market, PrimaDollar has recently closed new multi-million US dollar funding rounds with major international investors that allow price advantages to be passed direct into the Bangladeshi market.

Tim Nicolle, Group CEO PrimaDollar, said “These new lower rates will make a big difference to Bangladeshi exporters, also available via our relationship banks Agrani Bank and First Security Islami Bank. Exporters are facing a continued challenge of growth. International finance companies like PrimaDollar are seizing on the opportunity to provide the low cost finance that good Bangladeshi exporters need.”

PrimaDollar is a leading global export finance company based in London with 12 offices around the world, supporting clients in over 30 countries. PrimaDollar maintains client offices in Dhaka and across South Asia and is experiencing high growth in the Bangladeshi market.