Bank Asia, Rangs partner to offer loans

Bank Asia PLC has partnered with Rangs Limited to offer auto loans to individual customers purchasing Mitsubishi vehicles in Bangladesh.

The two companies signed an agreement on recently, according to a press release.

Syed Zulkar Nayen, Deputy Managing Director and Head of Retail Banking at Bank Asia PLC, and Mohammod Hamdur Rahaman Simon, Executive Director of Rangs Limited, signed the agreement on behalf of their respective organisations.

Rangs Limited is the authorised distributor of Mitsubishi Motors vehicles in Bangladesh.
Under the partnership, Bank Asia will provide customers with convenient financing options for purchasing Mitsubishi vehicles.

The bank said the initiative formed part of its efforts to expand value-added retail banking services and improve the customer experience.