Mercantile Bank signs an agreement with IFAD Motors

Mercantile Bank PLC has signed an agreement with IFAD Motors Ltd on Sunday, 17 August 2025, at the Bank’s Head Office, Dhaka.

Dr. Md. Zahid Hossain, DMD & CBO of the Bank and Muidur Rahman Tanvir, Head of Business of IFAD Motors, signed the agreement on behalf of their respective organisations.

As per the agreements, Mercantile Bank credit card holders will enjoy the 0% EMI facility from 3 to 24 months' installment for any purchase from IFAD Motors.

Mostafizur Rahman, Head of Card & ADC, Mohammad Faruque Ahmmed, Head of Corporate Banking Division, Md. Mukitul Kabir, Head of Corporate Affairs Division, Tapon James Rozario, Head of ILMD of the Bank and Md. Rabiul Haque, Head of Sales & Marketing, M. A Aziz, Head of Commercial & Banking and Md. Masud Hossain Mizi, Sr. Manager, Accounts & Finance of IFAD Motors and other senior officials of both the organisations were present on the occasion.