Standard Chartered partners with BRAC Bank to pioneer Export Receivables Finance for Financial Institutions in Bangladesh 

Standard Chartered Bangladesh has launched Export Receivable Finance for Financial Institutions/Banks (RFFI), a pioneering trade finance solution that marks a new milestone in the country’s financial sector. The initiative, introduced in partnership with BRAC Bank PLC, is designed to enhance liquidity for exporters by enabling early repatriation of export proceeds under deferred Letters of Credit (LCs).

Under this collaboration, Standard Chartered will leverage its extensive global network and relationships with leading international buyer banks to facilitate receivable financing at highly competitive rates. Through RFFI, BRAC Bank will provide exporters with immediate access to funds before the payment term ends, improving their cash flow and working capital management while shortening the overall cash cycle.

Standard Chartered is already a market leader in cross-border supplier financing, working with 12 global buyers sourcing from Bangladesh. The new programme builds on this success by extending the benefits of structured trade finance to local partner banks, helping to further strengthen the country’s export ecosystem.

Luthful Arefin Khan, Country Head of Transaction Banking, Standard Chartered Bangladesh, said, “We have long led the facilitation of cross-border import transactions for our Bank clients. With the introduction of RFFI, we are proud to extend that support to the export leg as well. BRAC Bank has been a trusted partner for many years, and we thank them for joining us in this pivotal initiative to advance Bangladesh’s export capabilities.”

Md. Shaheen Iqbal CFA, Deputy Managing Director and Head of Treasury, Financial Institutions and Corporate & Institutional Banking, BRAC Bank PLC, said, “This strategic partnership with Standard Chartered Bangladesh reflects our shared vision of creating an enabling environment for exporters and driving innovation in the banking sector. By combining a global network of SCB, market expertise, and client reach, we can provide greater liquidity support and enhance the financial strength of exporters of Bangladesh.”

Standard Chartered, the only multinational universal bank in Bangladesh with over 120 years of continuous presence, remains a key partner in the nation’s trade and economic growth. The Bank continues to support clients through innovative digital solutions, state-of-the-art trade products, and tailored financial services.

BRAC Bank is a full-service private commercial bank in Bangladesh, aiming to become the most trusted, innovative and inclusive bank. With the highest market capitalisation in the banking sector in Bangladesh among Bangladeshi listed banks, the highest international shareholding and the country’s best credit rating, the bank leads the local banking industry in nearly all financial metrics and is also a benchmark for corporate governance and values-based banking. BRAC Bank’s well-diversified portfolio - balanced across SME, Corporate, and Retail segments - has established a strong foundation of resilience, reflecting the bank’s steadfast commitment to inclusive and sustainable economic growth.