Bank Asia signs deal with Rancon Motorbikes

Bank Asia PLC has signed an agreement with Rancon Motorbikes Limited, the local manufacturer and distributor of Suzuki motorcycles and scooters in Bangladesh.

Md Shaminoor Rahman, senior executive vice-president of the bank, and Shoeb Ahmed, divisional director of Rancon Motorbikes, signed the deal at the Bank Asia Tower in the capital's Karwan Bazar today, the bank said in a press release.

Under the agreement, distributors of Rancon Motorbikes Limited will be able to receive SME financing from Bank Asia.

Other senior officials from both organisations were also present.