BRAC Bank partners with Petromax LPG to offer distributor finance

BRAC Bank has partnered with Petromax LPG Limited to introduce Distributor Finance facilities for Petromax's distribution partners. Under this collaboration, Petromax LPG distributors will be eligible for both secured and unsecured financing through BRAC Bank's Distributor Finance product. This facility will allow distributors to procure LPG products from Petromax without upfront payments, supporting better inventory management and improved liquidity. The initiative is aimed at enhancing access to working capital and strengthening the LPG supply chain across Bangladesh.

The signing ceremony was held on 22 May 2025 at the BRAC Bank Head Office in Dhaka, with senior representatives from both organisations in attendance. Petromax LPG was represented by Managing Director and CEO Marco Antonio Oliveira, Chief Financial Officer Mohammed Ismail, Executive Director – Sales Mohammed Muijbur Rahman, and Lead – Treasury Saalim Sabir Aurko. From BRAC Bank, Managing Director and CEO (Current Charge) Tareq Refat Ullah Khan, Additional Managing Director and Head of SME Banking Syed Abdul Momen, Head of Small Business (Central), SME Banking Alomgir Hossain, Head of Transaction Banking AKM Faisal Halim, and Area Head – 1, Corporate and Institutional Banking Abu Sadat Chowdhury were present.

The initiative is expected to contribute to de-risking the energy supply chain in Bangladesh by enabling downstream partners with accessible working capital, supporting smoother operations, uninterrupted product flow, and scalable growth for distributors.