Trade Finance
Trade Finance is one of the traditional areas which Sonali Bank (UK) Ltd has developed over the years to facilitate business transactions particularly with Bangladesh.
The bulk of Bangladesh's imports payment under Letters of Credit (L/Cs) from Europe and the Far East are handled by us. The department has a well trained team to deal with various aspects of Documentary Credit transactions and bank to bank reimbursements in all major currencies.
We act as an active correspondent for Sonali Bank, Bangladesh and other Bangladeshi banks for advising, confirmation and reimbursement of L/Cs. With an excellent correspondent network across Europe and America, we maintain accounts in all major currencies to facilitate trade transactions. The range of trade finance activities of Sonali Bank (UK) Ltd. include:
- Documentary Credits (sight, usance and transferable)
- Export L/Cs
- Import L/Cs
- Confirmations
- Negotiations
- Discounting
- Assignment of proceeds
- Collections
- Documentary
- Clean
- Reimbursements
- Bank to bank reimbursements
Staff proficient in English and Bengali both written and spoken.
For further details contact Mr. Kazim Ather +44 (0)20 7877 8226 or any member of the Foreign Trade Department team +44 (0)20 7877 8216,
SWIFT: BSONGB2L
TELEX: 888456 SONALI G
E-MAIL: foreign.trade@sonali-bank.co.uk