Since the beginning of last year, due to poormanagement and other factors, The Farmers Bank Limited in Bangladesh hasexperienced frequent vicious events of L/C default, which have been causinggreat losses to Chinese enterprises in international trade with Bangladesh.

The Farmers Bank Limited has a serious financialrisk, rather than a L/C arrears case.

Now The Farmers Bank Limited has beenblacklisted by Economic & Commercial Counsellor's Office,

Embassy of thePeople's Republic of China.

All Chinese enterprises are requested to strengthenrisk control and avoid accepting L/C issued by The Farmers Bank Limited.

Post time: Nov-23-2020