Bangladesh, Sept. 24 -- Mutual Trust Bank PLC and Runner Motors PLC have signed a memorandum of understanding to provide financing options for customers buying commercial vehicles from Runner Motors.

The agreement, signed September 20 at MTB's corporate headquarters in Dhaka, will allow eligible small and medium-sized enterprises and corporate customers to seek auto lease financing through the bank when purchasing vehicles for logistics, transportation and other business operations.

Chowdhury Akhtar Asif, additional managing director and chief business officer of MTB, and Rajesh Kumar Yadav, chief financial officer of Runner Motors, signed the agreement for their respective organizations.

Under the arrangement, Runner Motors will refe...