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.