Prime Bank PLC has entered into a strategic partnership with Wecon Properties Ltd, one of the country’s prominent real estate developers, with the aim of extending enhanced benefits to customers seeking home financing solutions.
The agreement was formally executed at a ceremony held at the bank’s Head Office in Gulshan, underscoring both organisations’ commitment to expanding access to quality housing through structured financial support.
Under the terms of the arrangement, customers availing themselves of home loans from Prime Bank will enjoy exclusive privileges and preferential terms when purchasing residential apartments developed by Wecon Properties. These benefits are expected to include special concessions, streamlined financing processes, and tailored repayment options, thereby making premium residential projects more attainable for aspiring homeowners.
The collaboration is designed to simplify the pathway to property ownership at a time when urban housing demand continues to grow. By combining Prime Bank’s established retail lending expertise with Wecon’s portfolio of contemporary residential developments, the initiative seeks to offer customers a seamless experience—from loan approval to final property handover.
The agreement was signed on behalf of Prime Bank by Mamur Ahmed, Senior Executive Vice President and Head of Branch Distribution. Representing Wecon Properties, Rezaul Haque Limon, Chief Business Officer, formalised the partnership.
The signing ceremony was attended by several senior officials from both institutions. Among those present were Mr Zowardar Tanvir Faisal, Executive Vice President and Head of Cards and Retail Assets at Prime Bank; Major Md Aminul Haque, Group Chief Operating Officer of Wecon Properties; and Executive Director Dewan Rashidul Hasan. Their presence reflected the strategic importance both organisations attach to strengthening collaboration between the banking and real estate sectors.
Key Highlights of the Partnership
| Aspect | Details |
|---|---|
| Partner Institutions | Prime Bank PLC and Wecon Properties Ltd |
| Nature of Agreement | Strategic partnership for home loan benefits |
| Target Customers | Individuals purchasing Wecon residential flats |
| Customer Advantages | Exclusive benefits, special concessions, tailored financing |
| Signing Venue | Prime Bank Head Office, Gulshan |
| Objective | Enhance accessibility to premium housing through structured finance |
Industry observers note that such alliances between financial institutions and property developers play a vital role in stimulating the housing market. By aligning credit facilities with reputable development projects, banks can mitigate lending risks while offering borrowers competitive packages. For customers, the partnership represents not merely a financial transaction but a coordinated effort to secure a permanent address with greater convenience and confidence.
This collaboration signals Prime Bank’s continued focus on expanding its retail asset portfolio while reinforcing Wecon’s market position through facilitated buyer financing.