Midland Bank PLC has introduced a new financing facility offering special interest/profit rates under both conventional loans and Islamic (Salam) financing, exclusively for professional customers.
The facility was formally launched during the bank's 183rd board meeting held on July 29, with chairman Ahsan Khan Chowdhury presiding over the inauguration.
The event was attended by several board members, Master Abul Kashem, director; AKM Badiul Alam, director; Hafizur Rahman Sarker, director; Shahnaj Parveen, director; Mohammed Helal Miah, director; Md Kamal Hossain, director; Abdul Alim Mondol, director; Riaz Ahmed Choudhury, independent director, and Imtiaz U Ahmed, managing director & CEO, along with deputy managing director Md Nazmul Huda Sarkar.
Registered professionals — including doctors, engineers, chartered accountants, chartered secretaries, architects, dentists, pharmacists, and veterinarians — will be eligible to avail the facility for purposes such as buying a new car, building or purchasing a home, and meeting other personal financial needs.
Under bank policy, eligible customers will enjoy special interest rates, faster loan processing, simplified documentation, dedicated relationship support, and discounts on select processing and service fees.
Bank officials said the initiative aims to provide easy, quick, and affordable financing solutions for the country's professionals while strengthening the bank's retail loan portfolio.
Midland Bank PLC remains committed to introducing innovative financial products and services that create value for customers and contribute to the country's inclusive and sustainable economic growth.
