PRIME BANK LIMITED TRADE SERVICE

Company Introduction: Prime Bank Limited Trade Service

Nature of Business:

Prime Bank Limited Trade Service is a department or division within Prime Bank Limited, a commercial bank in Bangladesh. It is neither a factory nor a direct trader of goods. Instead, it is a financial service provider specializing in facilitating international and domestic trade transactions for its clients.

As a financial institution, its primary role is to support businesses involved in import and export activities by offering a range of trade finance products and services. These typically include the issuance and advising of Letters of Credit (LCs), documentary collections, trade finance solutions, bank guarantees, and other related services to ensure smooth and secure trade operations. It does not manufacture any products or engage in the direct buying and selling of goods.

Prime Bank Limited Trade Service in Bangladesh offers and sells the following financial products and services:

Import Services

Issuance of Letters of Credit LCs

Documentary Collections DA/DP

Import Financing facilities

Trust Receipt TR facilities

Export Services

Advising and Confirmation of Letters of Credit

Negotiation of Export Documents

Export Collections

Pre-shipment Finance Packing Credit

Post-shipment Finance Export Bills Purchase/Discounting

Guarantees and Bonds

Bid Bonds

Performance Bonds

Advance Payment Guarantees

Customs Bonds

Foreign Exchange Services

Spot and Forward Foreign Exchange contracts

Currency conversion

Remittance Services

Inward and Outward Remittances