Midland Bank PLC. signed a Memorandum of Understanding (MoU) with CG Runner BD Ltd., the authorized distributor of BYD vehicles in Bangladesh. This partnership aims to provide attractive auto financing facilities to customers purchasing BYD vehicles.

Imtiaz U. Ahmed, Managing Director of Midland Bank PLC., and Amid Sakif Khan, Managing Director of CG Runner BD Ltd., signed the agreement on behalf of their respective organizations.

Under the agreement, eligible customers will enjoy competitive interest rates, flexible repayment options, and convenient auto financing facilities for purchasing BYD vehicles. Midland Bank will offer auto loans ranging from BDT 4 lakh to BDT 80 lakh, financing up to 80% of the vehicle value, with repayment tenures of up to six years. The Bank will also facilitate loan processing within three working days upon submission of all required documents, subject to the Bank’s credit approval policies.

The partnership aims to simplify vehicle financing, enhance customer convenience, and promote access to modern and environmentally friendly vehicles in Bangladesh.

Mohd. Javed Tarek Khan, Head of Institutional Banking Division, Muhammed Noorunnabi, Head of Operations, International Division & Offshore Banking, Muhammad Majidul Haq Patwary, Vice President, Unit Head, Institutional Banking Division and Mohammed Rashadul Anwar, Head of the Public Relations Division (PRD) & Coordinator of the Retail Distribution Division (RDD), were present at the signing ceremony representing Midland Bank PLC.

Also present from CG Runner BD Ltd. were Md. Ferdowsur Rahman FCA, Chief Financial Officer, and Methun Bhattacharjee, Head of Business Development.

This collaboration reflects Midland Bank’s ongoing commitment to providing innovative financing solutions, enhancing customer experience, and supporting sustainable mobility through strategic partnerships.