Brexit causes lower finance rates for Bangladeshi exporters


Prima Dollar has announced two special features in Bangladesh: Significantly lower pricing for Bangladesh export finance and a commitment of up to US$250m of new funds to the market, says a press release. With trade friction with China on the increase, Bangladeshi exporters need low cost liquidity to power their growth going forward. Although UK-based and despite Brexit overhanging our market, Prima Dollar has recently closed new multi-million US dollar funding round with major international investors that allow price advantages to be passed direct into the Bangladeshi market.

Tim Nicolle, Group CEO Prima Dollar, 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 Prima Dollar are seizing on the opportunity to provide the low cost finance that good Bangladeshi exporters need.” Prima Dollar is a leading global export finance company based in London with 12 offices around the world, supporting clients in over 30 countries. Prima Dollar maintains client offices in Dhaka and across South Asia and is experiencing high growth in the Bangladeshi market.