BRAC Bank, Pathao sign deal

BRAC Bank Limited and Pathao Limited have signed an agreement to finance motorbikes for rider. 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. Mr. Nazmur Rahim, Head of Retail Banking, and Mr. Hussain M. Elias, Chief Executive Officer, Pathao Limited, signed the agreement at a program at BRAC Bank Head Office recently. — Statement