Bank Asia, Rancon British Motors team up to offer auto loans for MG vehicles

Bank Asia PLC has signed a strategic partnership agreement with Rancon British Motors Limited (RBML), the authorised distributor of MG (Morris Garages) vehicles in Bangladesh, to enhance customers’ accessibility and convenience.

Syed Zulkar Nayen, deputy managing director and head of retail banking at the bank, and Hussain Mashnoor Chowdhury, chief executive officer of Rancon British Motors Limited, signed the agreement at a ceremony held in Dhaka recently, according to a press release.

Under the agreement, Bank Asia will offer attractive and convenient auto loan facilities to individual customers for purchasing MG vehicles.

The collaboration reflects Bank Asia’s commitment to providing value-added services in the retail banking sector and improving the overall customer experience, the release said.

Senior officials from both organisations were present at the event.