ONE Bank PLC has signed a memorandum of understanding (MoU) with BYD Bangladesh to provide convenient fi nancing options for customers purchasing new energy vehicles (NEVs).
Under the agreement, ONE Bank will offer competitive interest rates and faster loan-processing facilities for customers buying BYD vehicles, aiming to make EV fi nancing more accessible and support the adoption of cleaner mobility in Bangladesh.
The MoU was signed by BYD Bangladesh Managing Director Amid Sakif Khan and ONE Bank Executive Vice President and Head of Retail Banking Mohammad Shahid Ul Haque.
Senior offi cials from both organisations attended the signing ceremony.
BYD entered Bangladesh’s automobile market in 2024 through its authorised distributor and offers electric and plug-in hybrid vehicles along with sales and after-sales services