Bank Asia, Rancon Cars to offer auto loans for Proton vehicles

Bank Asia PLC has signed a strategic partnership agreement with Rancon Cars Limited (RCL), the authorised distributor of Proton vehicles in Bangladesh and a business unit of Rancon Holdings Limited.

Syed Zulkar Nayen, deputy managing director and head of retail banking of Bank Asia PLC, and Hussain Mashnoor Chowdhury, chief executive officer of Rancon Cars Limited, signed the agreement at a ceremony 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 Proton vehicles, enhancing accessibility and ease of financing.

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

Senior officials from both organisations were also present at the signing ceremony.