ONE Bank sings MoU with BYD B'desh to faciliate new energy

ONE Bank PLC has signed an MoU with BYD Bangladesh to facilitate convenient and attractive financing solutions for customers purchasing New Energy Vehicles (NEVs). 

Under this collaboration, ONE Bank PLC will offer competitive interest rates and expedited loan processing facilities to customers purchasing BYD vehicles. The initiative aims to make NEV financing more accessible and convenient for customers while supporting the adoption of environmentally friendly mobility solutions in Bangladesh. 

On behalf of the two organizations, the MoU was signed by Mr. Amid Sakif Khan, Managing Director, BYD Bangladesh and Mr. Mohammad Shahid Ul Haque, Executive Vice President & Head of Retail Banking Division of ONE Bank PLC. 

The ceremony was also attended by Mr Ferdowsur Rahman, Chief Financial Officer; BYD Bangladesh; Mr Methun Bhattacharjee, Head of Business Development BYD Bangladesh; Mr Kazi Ziaul Islam, Deputy Managing Director and Head of Financial Services and Public Sector; ONE Bank PLC; Mr. Iftekhar Ahmed Zafar, Deputy Managing Director and Head of Transaction and Investment Banking, ONE Bank PLC, and senior officials from both the organizations.

BYD, a global leader in New Energy Vehicles (NEVs), entered the Bangladesh automobile market in 2024 through its official distributor. The brand offers a growing range of advanced electric and plug-in hybrid vehicles, supported by modern showrooms and comprehensive after-sales service facilities. With a strong focus on innovative technology, sustainable mobility, and energy-efficient transportation, BYD is contributing to the development of Bangladesh’s emerging electric vehicle market.

The collaboration between ONE Bank PLC and BYD Bangladesh reflects a shared commitment to promoting sustainable transportation and providing customers with accessible financing solutions for next-generation vehicles.