Midland Bank signs deal with Tredx

Midland Bank and Tredx signed a memorandum of understanding (MoU) on online supply chain finance transactions.

Md Ahsan-uz Zaman, managing director of Midland Bank, and Masrur Reaz, managing director of ThinkBig Solutions Ltd (under brand name Tredx), inked the MoU at the bank's head office in Gulshan, Dhaka, a press release said.

The agreement will allow the bank to bid in Tredx platform as a financier, along with other banks and non-banking financial institutions, to facilitate working capital for suppliers of large reputed corporate entities.

Md Zahid Hossain, deputy managing director of Midland, Mohammad Javed Tarek Khan, senior executive vice-president, Mostafa Sarwar, senior vice-president, and Abdul Mabud Tushar, chief business officer of ThinkBig, were present.