AB Bank Limited and Hyundai Motors Bangladesh Limited signed a Memorandum of Understanding (MoU) on car loan facilities.

Under the MoU, AB Bank will facilitate auto loan to the customers with special interest rate to buy any vehicle from Hyundai Motors Bangladesh Limited (HMBL), said a press release.

Shamim Ahmed Chaudhury, President and Managing Director of AB Bank Limited and Shareq Fahim Haque, Managing Director of Hyundai Motors Bangladesh Limited signed the MOU on behalf of the respective sides in Dhaka recently.

Imran Khan, General Manager, Marketing and Customer Care, Md. Nazimul Haque, Assistant Director, Sales, M. Headayatul Islam, Assistant Director, Finance, Mohammad Didarul Alam, Assistant Director, Accounts of Hyundai Motors Bangladesh Limited with Quazi Waseem Ahmed, Senior Executive Vice President, Head of Corporate Finance Division and Structured Finance Division, Syed Mizanur Rahman, Senior Vice President, Head of Retail Banking Division of AB Bank Limited were present on the signing ceremony.

HMBL will offer free after-sales service to all the customers those who will purchase vehicle from HMBL under this facility. HBML will also bear car registration fees for all new car finance applications through AB Bank Ltd.