Bank Asia has signed an "Issuing Bank Agreement" with the Export-Import (Exim) Bank of India to avail a "Trade Assistance Programme" (TAP). 

The facility will enable exporters and importers to access reliable and reasonable terms and conditions favourable for trade finance as well as provide liquidity and stability in trade finance systems.

The programme allows Bank Asia to increase the volume of trade transactions, with extended tenures and access to competitive pricing terms. Exim India's trade guarantee facilitates critical value chain imports and promotes global trade, said a press release.

Adil Chowdhury, president and managing director (current charge) of Bank Asia, and Tarun Sharma, chief general manager and chief financial officer of Exim India, signed the agreement in Dhaka recently.

Md Zia Arfin, senior executive vice-president and head of international division of Bank Asia, and senior officials of both organisations were present.