Prime Bank PLC and Runner Motors PLC have signed a memorandum of understanding (MoU) to introduce a specialised auto lease financing programme for cottage, micro, small and medium-sized enterprises (CMSMEs), according to a press release issued on Monday.
The initiative aims to improve access to commercial vehicles and support business growth by offering CMSME clients structured auto lease financing at competitive interest rates to purchase vehicles from Runner Motors.
Under the partnership, the financing programme is designed to reduce financial barriers for entrepreneurs seeking to expand their logistics capabilities and improve transport efficiency.
Nazeem A Choudhury, Additional Managing Director of Prime Bank, and Rajesh Kumar Yadav, Chief Financial Officer of Runner Motors, signed the agreement on behalf of their respective organisations at Prime Bank’s corporate head office in Dhaka.
