Midland Bank launches special financing facility for professionals
Midland Bank PLC has launched a financing facility with special interest and profit rates for registered professionals under its conventional and Islamic financing arrangements.
According to a press release, the facility is available to doctors, engineers, chartered accountants, chartered secretaries, architects, dentists, pharmacists and veterinarians.
Eligible customers may use the financing to buy a new car, build or purchase a home, or meet other personal financial needs.
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The bank said customers would receive faster processing, simplified documentation, dedicated relationship support and discounts on selected processing and service fees.
Ahsan Khan Chowdhury, chairman of Midland Bank, formally launched the facility at the bank's 183rd board meeting on 29 July.
Master Abul Kashem, AKM Badiul Alam, Hafizur Rahman Sarker, Shahnaj Parveen, Alhaj Mohammed Helal Miah, Md Kamal Hossain and Abdul Alim Mondol, directors; Riaz Ahmed Choudhury, independent director; Imtiaz U Ahmed, managing director and chief executive officer; and Md Nazmul Huda Sarkar, deputy managing director, attended the event as invited guests.
Bank officials said the initiative was intended to provide professionals with faster and more affordable financing while supporting the growth of Midland Bank's retail financing portfolio.
The bank said it would continue developing financial products intended to meet customers' needs and support inclusive and sustainable economic growth.
