AB Bank PLC. inked a Memorandum of Understanding (MoU) with Rancon Cars Ltd (RCL), the authorized distributor of Proton Brand car vehicles in Bangladesh.

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

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

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