Standard Chartered Bangladesh has launched Export Receivable Finance for Financial Institutions/Banks (RFFI), a pioneering trade finance solution marking a new milestone in the country's financial sector.
Introduced in partnership with BRAC Bank PLC, the initiative aims to enhance liquidity for exporters by enabling early repatriation of export proceeds under deferred Letters of Credit (LCs).
Through this collaboration, Standard Chartered will leverage its global network and relationships with leading international buyer banks to facilitate receivable financing at competitive rates. Under the RFFI structure, BRAC Bank will provide exporters with immediate access to funds before the end of the payment term, helping improve cash flow, working capital management, and overall cash cycle efficiency.
Standard Chartered, already a market leader in cross-border supplier financing, currently works with twelve global buyers sourcing from Bangladesh. The new programme builds on this expertise by extending structured trade finance benefits to local partner banks, further strengthening the country's export ecosystem.
"We have long led the facilitation of cross-border import transactions for our bank clients. With the introduction of RFFI, we are proud to extend that support to the export leg as well," said Luthful Arefin Khan, Country Head of Transaction Banking, Standard Chartered Bangladesh. "BRAC Bank has been a trusted partner for many years, and we thank them for joining us in this pivotal initiative to advance Bangladesh's export capabilities."
Md Shaheen Iqbal, CFA, Deputy Managing Director and Head of Treasury, Financial Institutions and Corporate and Institutional Banking at BRAC Bank PLC, said, "This strategic partnership with Standard Chartered Bangladesh reflects our shared vision of creating an enabling environment for exporters and driving innovation in the banking sector. By combining Standard Chartered's global network, market expertise, and client reach, we can provide greater liquidity support and enhance the financial strength of Bangladeshi exporters."
Standard Chartered—the only multinational universal bank in Bangladesh with more than 120 years of continuous presence—remains a key partner in the nation's trade and economic growth. The bank continues to support clients through innovative digital solutions, modern trade products, and tailored financial services.
BRAC Bank, one of the country's leading private commercial banks, continues to strengthen its reputation for innovation, inclusivity, and values-based banking. With the highest market capitalisation among Bangladeshi listed banks, strong international shareholding, and top-tier credit ratings, the bank maintains a resilient and well-diversified portfolio across SME, corporate, and retail segments.