Dhaka Bank, Toyota Bangladesh partner to expand auto loan services

Dhaka Bank PLC has signed a memorandum of understanding (MoU) with Toyota Bangladesh Limited to establish a strategic partnership aimed at strengthening auto financing services for its customers.

Md Mostaque Ahmed, deputy managing director and chief emerging market officer of the bank, and Premmit Singh, president and managing director of Toyota Bangladesh Limited, signed the MoU at the company’s head office in the Tejgaon Industrial Area of Dhaka recently, according to a press release.

Both organisations expressed their commitment to building a long-term relationship and working together to deliver enhanced value to customers through innovative financial and automotive solutions.

Under the agreement, customers of Dhaka Bank will be able to access auto loans on preferential terms for purchasing various new models of Toyota vehicles.

Customers will also benefit from special discounted vehicle prices, exclusive facilities, and value-added services offered through the partnership.

The collaboration is expected to enhance customer convenience and improve access to vehicle financing solutions in Bangladesh.

Other senior officials of the bank were also present at the signing ceremony.