Private Prime Bank PLC (PBL) has successfully completed its first international factoring transaction as a local bank in Bangladesh. The transaction was completed with renowned Italian buyer Capri, SRL for FGS Denim Wear Limited (a Fashion Globe Group company). This initiative is a reflection of Prime Bank’s commitment to expand the financing horizon for exporters. The transaction was completed through FCI’s EDI platform, edifactoring.com. This process paved the way to unlock significant international funding for Bangladesh’s export sector, providing huge opportunities for supply chain financing.
