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NEWS

The Farmers Bank Limited in Bangladesh is on The blacklist for breach of contract

The release date:2019-09-20 11:47:03

Since last year, due to poor management and other factors, The Farmers Bank Limited in Bangladesh has suffered from frequent l/c defaults, which caused huge losses to Chinese companies in Bangladesh's international trade.

After analysis, the bank has a relatively serious financial risk, rather than credit arrears case. The economic and commercial counselor's office of the Chinese embassy in Bangladesh has blacklisted the bank.

All Chinese enterprises are requested to strengthen risk prevention and control, avoid accepting the letter of credit issued by the bank in their trade with Bangladesh, and eliminate trade risks.


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