Bank Asia signs strategic partnership with Rancon British Motors for auto loan privileges

Bank Asia PLC has entered into a strategic partnership with Rancon British Motors Ltd. (RBML), the authorised distributor of MG (Morris Garages) vehicles in Bangladesh, according to a press release.

Under this collaboration, Bank Asia will provide attractive and convenient Auto Loan facilities to individual customers for purchasing MG vehicles, which will enhance customer accessibility and convenience.

The agreement was formally signed at a ceremony held on 28 April 2026. Mr. Syed Zulkar Nayen, DMD & Head of Retail Banking of Bank Asia PLC and Mr. Hussain Mashnoor Chowdhury, CEO of Rancon British Motors Limited, signed the agreement on behalf of their respective organisations.

This collaboration reflects Bank Asia’s commitment to delivering priority-based, value-added, and enhanced services in the retail banking sector, aimed at improving overall customer experience.