Bangladesh, Oct. 28 -- Midland Bank PLC has signed a memorandum of understanding with CG Runner BD Ltd, the authorised distributor of BYD vehicles in Bangladesh, to provide auto financing facilities, including loans of up to Tk80 lakh, to eligible buyers.

Imtiaz U Ahmed, managing director of Midland Bank, and Amid Sakif Khan, managing director of CG Runner BD, signed the agreement on behalf of their respective organisations, according to a press release.

Under the agreement, eligible customers will have access to competitive interest rates, flexible repayment options and convenient financing facilities for purchasing BYD vehicles.

Midland Bank will offer auto loans ranging from Tk4 lakh to Tk80 lakh, financing up to 80pc of a vehicle'...