UCB and BYD Bangladesh Sign Strategic MoU to Make Auto Financing Easier

United Commercial Bank PLC (UCB) and BYD Bangladesh havesigned a Memorandum of Understanding (MoU) to make vehicle financing easier andmore convenient for customers. Under this partnership, customers will getspecial financing benefits when purchasing BYD vehicles.

The MoU was signed at the corporate head office of BYDBangladesh.

The signing ceremony was attended by Mr. Mohammad Shafiqur Rahman, DMD & Head of RetailBusiness Division; Mr. S. M. Moinul Hossain,SEVP & Head of CRMD (Retail & SME); Mr. MasudurRahman Sonnamot, EVP & Head of Dhaka Metro Region; and Mr. Ahmed Masudul Goni, EVP & Head of Product,representing United Commercial Bank PLC.

Representing BYD Bangladeshwere Mr. Amid Sakif Khan, ManagingDirector; Mr. Ferdows Ur Rahman, FCA,Chief Financial Officer; Mr. Methun Bhattacharjee,Head of Business Development; and Mr. Fahmid Ferdous (Pulak),Head of Sales.

Under the partnership, customers who purchase BYDvehicles from BYD Bangladesh will be able to get UCB Auto Loans at attractive interest rates, along withspecial financing benefits.

At the same time, UCB Auto Loan customers will receivespecial offers and preferential facilities on selected BYD vehicles. They willalso benefit from faster loan processing and disbursement.

The partnership will also provide opportunities forcustomers to apply for UCB credit cards and access a range of other RetailBanking products and services.

Currently, BYD Bangladesh has eight branches in Dhaka, Chattogram and Bogura. Four morebranches are expected to open soon, expanding its presence and making itsservices more accessible to customers across the country.

The partnership is an important step toward strengtheningcooperation between the banking and automobile sectors. It will also help makevehicle financing more accessible, convenient and faster for customers.

UCB and BYD Bangladesh remain committed to providing customers withgreater convenience, better benefits and innovative financial solutions throughthis strategic partnership.