Standard Chartered Bank signs deal with Hyundai Motors

Standard Chartered Bank has recently signed a Memorandum of Understanding (MoU) with Hyundai Motors Bangladesh Ltd (HMBL), Pacific Motors Ltd, and the Millennium Ssang Yong Motors Ltd.

Under this deal, customers purchasing brand new Hyundai, Nissan, or Ssang Yong vehicles could apply the Standard Chartered Auto Loans or Standard Chartered Saadiq Islamic Auto Finance scheme at a rate of 9% per annum and enjoy special discounts on vehicle prices and other value-added offers, said a press release on Sunday.

Mashud Ibne Mahbub, head, priority banking acquisition of Standard Chartered Bank and Syed Shakeel Ahmed, managing director of HMBL, signed the agreement on behalf of their respective organisations. 

Among others, Kazi Hamidur Rahman, head of mortgage and auto of Standard Chartered Bank, and Farzana Khan, deputy director, sales, HMBL, attended the event.