LankaBangla Finance PLC signed a memorandum of understanding (MoU) with Tropical Homes Limited, a real estate developer in Bangladesh.

Khurshed Alam, senior executive vice-president of the non-bank financial institution, and M Hoque Faishal, director of sales, marketing, CRD and CSD of the developer, penned the MoU at the Planners Tower in the capital's Banglamotor, said a press release.

This strategic partnership aims to provide housing solutions for customers across all income groups, including those seeking luxury residences as well as middle-and lower-income housing options.

Under this agreement, LankaBangla Finance will offer interested buyers of the developer facilities for home and mortgage loans with flexible terms and competitive interest rates.

Humaira Azam, managing director of LankaBangla Finance, attended the signing ceremony.

Tanveer Reza, vice-chairman of the developer, Sheikh Rabiul Haque, managing director, Md Nurul Huda, deputy managing director, and Anayet Hossain, head of home loan of the bank, along with other senior officials from both the organisations, were also present.