Shahjalal Islami Bank Ltd (SJIBL) has signed an agreement with Export Import Bank of India under its Trade Assistance program (TAP) for availing credit guarantee facility from the bank, a press release said Tuesday. MD & CEO of SJIBL Mosleh Uddin Ahmed and chief general manager & CFO of Export Import Bank of India, head office, Mumbai Tarun Sharma signed the deal on behalf of their respective banks. Under the agreement, the facility shall offer to SJIBL additional lines of credit to support trade transaction under which Exim Bank will issue guarantees favoring banks for confirming Letters of Credit issued by the bank and extending buyers credit against such instruments. AMD & COO of SJIBL M. Akhter Hossain, head of international division of the bank Mohammad Abdul Majid, deputy general manager, head office, Mumbai Pushpesh Tyagi, resident representative Priyanshu Tiwari and the chief manager, Dhaka representative office of Export Import Bank of India Alok Bora were present at the signing ceremony.
