Press Release
19 October, 2026, 04:25 pm
Last modified: 19 October, 2026, 04:25 pm
Prime Bank PLC and Runner Motors PLC have signed a memorandum of understanding (MoU) to introduce a specialised auto lease financing programme for cottage, micro, small and medium enterprises (CMSMEs), improving access to commercial vehicles and supporting business growth.
The agreement was signed recently at Prime Bank's corporate head office in Dhaka, according to the press release.
Under the partnership, CMSME clients will have access to structured auto lease financing at competitive interest rates to purchase commercial vehicles from Runner Motors.
The initiative aims to reduce financial barriers for entrepreneurs and business owners seeking to expand their logistics capabilities, improve transportation efficiency and strengthen their operational capacity.
M Nazeem A Choudhury, additional managing director of Prime Bank, and Rajesh Kumar Yadav, chief financial officer of Runner Motors, signed the agreement on behalf of their respective organisations.
Sajid Rahman, chief business officer of Prime Bank, attended the signing ceremony.
Other attendees included Md Mohsinur Rahman, executive vice president and head of SME banking, and Naimul Hasan Khan, executive vice president and head of CRM-SME, from Prime Bank; and Md Feroz Kabir, senior general manager of sales and marketing at Runner Motors.