L/C Significant Risk Reminder: The Farmers Bank Limited in Bangladesh Has Been Blacklisted for Default

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.