BRAC Bank Limited and Pathao Limited signed an agreement to finance motorbikes for riders. This is the first collaborative rider financing in the country involving a bank and a ride sharing company.
Under the agreement, BRAC Bank will provide loans to Pathao riders. The easy access to financing will help Pathao increase its pool of bikers and provide more convenience to the commuters. The collaborative financing will also help generate employment especially among Bangladesh’s youth, said a press release.
Nazmur Rahim, Head of Retail Banking of the bank, and Hussain M. Elias, Chief Executive Officer, Pathao Limited, signed the agreement at a programme at BRAC Bank head office recently. Selim RF Hussain, Managing Director of BRAC Bank, presided over the signing ceremony.
Dewan Imteaz Ahmed, Head of Retail Lending Products, Rajesh Kumar Barua, Head of Retail Underwriting, Siraj Siddiquey, Head of Digital Banking and E-Commerce, Shahin Lasker, Head of Card Operations, BRAC Bank, Fahim Ahmed, CFO of Pathao, Ms. Ruzan Sarwar, Head of External Affairs at Pathao, Rafee Shabbir, Lead- Impact Financing at Pathao, Ms. Nafisa Aditi, Marketing Executive at Pathao, and Shohag Das, Lead-Corporate Affairs at Pathao, were also present.
BD Post Business Desk