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2019-07-22
EBL Signs MRTA with German Commerzbank
EBL has signed a Master Trade Loan Agreement (MRTA) with Commerzbank AG, Frankfurt, Germany. This agreement will facilitate Bangladesh- German trade business. EBL and Commerzbank AG maintains a longstanding partnership in different areas. In addition to sourcing of Foreign Currency from Development Financial Institutions, EBL has been sourcing short term funds from foreign partner banks to support trade financing from Offshore Banking. This new agreement will add value to the trade business of EBL Customers.

Ali Reza Iftekhar, MD & CEO of EBL and Alexander Mondorf, Regional Head, Indian Subcontinent and ASEAN, Commerzbank AG exchanged the agreement in this connection.

Ahmed Shaheen, Deputy Managing Director, Md. Obaidul Islam, Head of International Business and Off-Shore Banking of EBL, Christian Muhlbauer, Senior Relationship Manager, Indian Subcontinent & ASEAN, Commerzbank, Tawfiq Ali, Chief Representative of Commerzbank Dhaka and other high officials were present during the program.

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