Bank Asia PLC has signed a strategic Memorandum of Understanding (MoU) with DHS Autos Limited to offer convenient and attractive auto loan facilities to prospective customers.
Under the partnership, customers of DHS Autos Limited will be able to avail Bank Asia’s auto loan facilities at competitive interest rates.
The collaboration will also include joint marketing initiatives, customer engagement programs and various promotional activities.
The MoU was signed on August 17 at Rangs Babylonia Building, Tejgaon Industrial Area, Dhaka.
Md Zahed Chowdhury, executive vice president and head of asset, retail banking division of Bank Asia PLC, and Shihab Ahmed, chief operating officer of DHS Autos Limited, signed the agreement on behalf of their respective organizations.
The partnership is expected to simplify access to auto financing and help fulfil the aspirations of individuals and families seeking quality vehicle solutions.
Furthermore, Bank Asia PLC and DHS Autos Limited aim to strengthen their institutional relationship while contributing to the growth of Bangladesh's automobile and financial services sectors.