EASTERN BANK LIMITED TRADE

EASTERN BANK LIMITED TRADE

Company Introduction:

Eastern Bank Limited is a leading commercial bank in Bangladesh, providing a wide range of financial products and services to individuals, small and medium enterprises, and corporate clients. Its "TRADE" division specifically focuses on facilitating international and domestic trade for its customers. This includes offering services such as letters of credit, import and export financing, guarantees, remittances, and other trade finance solutions. The bank plays a crucial role in supporting the trade activities of businesses in Bangladesh by providing financial backing and expertise.

Factory or Trader:

Eastern Bank Limited is neither a factory nor a direct trading company. It is a financial institution, specifically a commercial bank. Its "TRADE" services are designed to support and finance the trade operations of other businesses, rather than engaging in manufacturing goods or directly buying and selling commodities itself.

EASTERN BANK LIMITED does not produce or sell physical products. As a financial institution, its "TRADE" division offers various trade finance services to facilitate import and export activities for its clients. These services are financial products, not physical goods.

The services provided include:

Import Services:

Letters of Credit (LCs)

Trust Receipt (TR) Loans

Payment Against Documents (PAD)

Shipping Guarantee

Bankers Acceptance

Bills for Collection

Export Services:

Pre-shipment Finance

Post-shipment Finance

Export Bills for Collection

Export Letters of Credit Advising and Confirmation

Export Bill Discounting

Back to Back Letters of Credit

Guarantees and Bonds:

Bid Bonds

Performance Bonds

Advance Payment Guarantees

Customs Bonds

Security Guarantees