Press Release
13 October, 2026, 06:45 pm
Last modified: 13 October, 2026, 06:44 pm
Bank Asia PLC has signed a memorandum of understanding with Rancon Motor Bikes Limited to offer two-wheeler loans at competitive interest rates to the company's customers.
Md Sabbir Hossain, additional managing director and chief operating officer of Bank Asia, and Imran Zaman Khan, divisional director of Rancon Motor Bikes, signed the agreement recently at Bank Asia Tower in Karwan Bazar, Dhaka, according to the press release.
The partnership aims to make motorcycle financing more convenient and accessible to prospective buyers.
The two organisations will also collaborate on marketing initiatives, customer engagement programmes and promotional activities to raise awareness of the available financing facilities.
The partnership is expected to simplify access to loans and help customers fulfil their aspirations of owning motorcycles through convenient financing solutions.
The organisations said the collaboration would strengthen their institutional relationship while contributing to the growth of Bangladesh's motorcycle industry and financial services sector.