AB Bank PLC. inked a Memorandum of Understanding (MoU) with Rancon British Motors Ltd (RBML), the authorized distributor of Morris Garages car vehicles in Bangladesh.

Under this agreement, Rancon British Motors Ltd will refer customers to AB Bank for auto loan facilities for vehicle purchases while AB Bank will also refer its customers to Rancon British Motors Ltd for purchasing vehicles.

Mr. Taufiq Hassan, Head of Retail Banking of AB Bank PLC. and Mr. Muhammad Mostafizur Rashid Bhuiyan, Executive Director, Rancon British Motors Ltd signed this agreement on behalf of their respective organizations.

Mr. Hussain Mashnoor Chowdhury, CEO, Rancon British Motors Ltd and officials of both organizations were also present at the event.