Midland Bank, Bridge Holdings sign MoU on property financing

Business Desk :

Midland Bank PLC signed a Memorandum of Understanding (MoU) with Bridge Holdings Limited, a renowned real estate developer company in the country, last week.

The MoU signing ceremony was held at the Bridge Holding’s Head Office in the city.

Md Zahid Hossain, managing director (current charge) of Midland Bank, and Md Harun-ur Rashid, chairman, Bridge Holdings Ltd, signed the agreement on behalf of their respective organizations.

Under this partnership, customers of the Bridge Holdings Ltd will be able to get hire purchase facility under product of Shirkatul Melk of MDB Saalam, a Shariah-based loan facility Midland Bank Islami Banking Service to purchase property from the Bridge Holdings Ltd.

Md Abdur Rashid, managing director, Hasan Mahbubur Rahman, director, sales & marketing of Bridge Holdings Ltd, and Md Rashed Akter, head of retail distribution & chief bancassurance officer, and Md Majidul Haq Patwary, unit head of institutional banking division of Midland Bank, were also present at the ceremony, along with other officials from both organizations.