Prime Bank PLC has entered into a strategic partnership with Akter Properties Ltd to offer enhanced benefits to homebuyers, marking a significant collaboration in Bangladesh’s real estate and banking sectors.
The agreement was formally signed at a ceremony held at Prime Aspire in Dhaka, as confirmed in a media release issued by Prime Bank PLC. The collaboration is designed to provide customers with attractive incentives when purchasing apartments from Akter Properties Ltd through home loans provided by the bank.
Under the terms of the agreement, customers who secure a home loan from Prime Bank PLC to buy an apartment from Akter Properties Ltd will receive an exclusive 5% discount on the base price of the apartment. This benefit is also extended to the bank’s employees, enabling them to take advantage of the same preferential terms.
The formal signing was conducted by Mamur Ahmed, Senior Executive Vice President and Head of Distribution at Prime Bank PLC, and Mohammed Akter Biswas, Managing Director of Akter Properties Ltd. The event also saw the participation of other senior officials, including Joarder Tanvir Faisal, Executive Vice President and Head of Cards and Retail Asset at Prime Bank PLC, and Md. Sazzad Masud, Deputy General Manager of Akter Properties Ltd.
The partnership underscores both organisations’ commitment to making residential property ownership more accessible while promoting customer-centric services. It also highlights the growing trend among financial institutions and real estate developers to collaborate on mutually beneficial schemes that deliver tangible value to clients.
Key Highlights of the Prime Bank–Akter Properties Agreement
| Feature | Details |
|---|---|
| Discount on Apartment | 5% off base price |
| Eligible Customers | Prime Bank home loan clients and employees |
| Participating Entities | Prime Bank PLC and Akter Properties Ltd |
| Signing Venue | Prime Aspire, Dhaka |
| Key Signatories | Mamur Ahmed (Prime Bank), Mohammed Akter Biswas (Akter Properties) |
| Supporting Officials | Joarder Tanvir Faisal, Md. Sazzad Masud, other senior executives |
Industry analysts view this collaboration as a strategic step to enhance the bank’s home loan portfolio while simultaneously promoting Akter Properties’ residential projects. The agreement is expected to strengthen customer loyalty and stimulate growth in both the banking and real estate sectors.