NEWS AND INSIGHTS

IPDC to design special schemes for auto loans for ADN employees

IPDC Finance Limited, the first private sector financial institution of Bangladesh established in 1981 has recently signed a Memorandum of Understanding (MOU) with ADN Telecom, a leading IT and telecommunication service provider in Bangladesh, since 2003. The signing ceremony was held in IPDC’s head office premises in Gulshan of the capital.

Under the MOU, IPDC will offer financial solutions and counselling to the employees of ADN Group by their experienced relationship managers as well as vehicle financing schemes specially designed for ADN Group employees. The loan amount is to be repaid in 60 (Recondition /used vehicle) / 72 (Brand New vehicle) equal monthly instalments, with ADN providing monthly instalments to IPDC for loan repayment of the employees.

Mr. Mominul Islam, MD & CEO of IPDC and Asif Mahmood, Chairman of ADN Group, has exchanged the agreement. The signing ceremony was also attended by Mr. Kyser Hamid, DMD & Head of Retail Business of IPDC; Zahir Ahmed, Vice Chairman, ADN Group and Md. Enayet Hossain, CFO, ADN Group along with other high officials.

Asif Mahmood, Chairman, ADN Group on the occasion said, “We are glad to be in venture with IPDC Finance, as the institution has been doing really good work, and provides flexible schemes. We hope to empower our employees by allowing them to fulfil the dream of owning a car with the help of IPDC.”

Mominul Islam, Managing Director and CEO of IPDC Finance Limited said, “IPDC is keen to offer financial solutions and counselling to the employees of ADN Group by our experienced relationship managers. The vehicle financing scheme has been specially designed keeping employees of ADN in mind. With easy flexible schemes, we hope to empower employees of our partner.”

For more details, please visit- www.ipdcbd.com