Dhaka, Bangladesh: DS-Concept co-founder Mr. Ansgar Hütten has proudly inaugurated their brand new office at Badda-Gulshan link Road in Dhaka, Bangladesh. Situated beside the Gulshan Lake, this new location has been opened to accommodate the firm’s growth in Bangladesh. Members of the DS-Concept global team were joined by country managers of different buying offices and other members of the Bangladeshi trade and finance community for the inaugural ceremony.
DS-Concept started their operations in Bangladesh in 2008. By introducing brand new concepts of trade finance in Bangladesh, the firm has seen significant popularity with Bangladeshi importers and exporters in a wide variety of sectors.
“The concept of factoring is gaining popularity in Bangladesh as a means of financing compared to traditional modes of funding through the banks,” states Mr. Ekram Hussain, Managing Director of DS-Concept Factoring Bangladesh. “With our non-recourse factoring product, which now provides advance rates up to 95%, access to funds is quicker, as well as cheaper and does not require any security or collateral whatsoever.”
The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China, Hong Kong and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.
DS-Concept is a member of the EACC.