SCB starts INR-BDT transaction for Unilever

Standard Chartered Bangladesh (SCB) recently arranged the first Indian Rupee (INR) denominated trade transaction for the multinational fast-moving consumer goods (FMCG) sector, for Unilever Bangladesh Limited (UBL). This landmark achievement is the first cross-border import transaction to have been settled in each nation’s respective local currencies, by SCB. UBL is the nation’s largest fast-moving consumer goods (FMCG) company with a heritage spanning 60 years, with more than 9 out of 10 households using one or more of its brands for their daily needs.