Mutual Trust Bank PLC has entered into a memorandum of understanding with Structural Engineers Limited (SEL) to provide home loan facilities to the developer's customers.
The agreement, signed on Tuesday, aims to streamline mortgage access for buyers of SEL's residential projects in Dhaka.
Mohammad Abdul Awal, managing director of SEL, and Md Shafquat Hossain, deputy managing director and head of retail banking at Mutual Trust Bank, formalized the partnership.
The collaboration allows SEL to refer prospective homebuyers directly to the bank for financing, creating a more integrated sales process for the real estate firm.
This move aligns with Mutual Trust Bank's broader strategy to deepen its retail banking footprint.
The lender recently appointed AKM Tareq as deputy managing director and head of the branch banking division, signaling a strategic push to expand its domestic lending operations and branch-level customer acquisition.