Trust Bank and SenaKalyan Partner for Housing Finance

Trust Bank PLC and SenaKalyan Constructions & Developments Limited have entered into a strategic partnership through the signing of a Memorandum of Understanding (MoU). The agreement officially establishes a collaborative framework to provide structured House Building Loans to the clientele and stakeholders of both respective organisations.

The agreement was formalised during an official signing ceremony attended by executive leadership from both institutions. On behalf of Trust Bank PLC, the MoU was signed by Md. Mahboob Hossain, Senior Executive Vice President (SEVP) & Head of Business. SenaKalyan Constructions & Developments Limited was represented by its Managing Director, Brigadier General Rezaul Karim (ndc, psc), who signed on behalf of the construction and development firm.

The ceremony took place in the presence of Ahsan Zaman Chowdhury, Managing Director and Chief Executive Officer of Trust Bank PLC, along with several other senior officials representing both corporate entities.

Corporate Representatives and Signatories

The details of the senior officials representing both institutions at the MoU signing ceremony are compiled in the table below:

OrganisationRepresentativeTitle / FunctionRole in Ceremony
Trust Bank PLCAhsan Zaman ChowdhuryManaging Director & Chief Executive OfficerOfficial Witness
Trust Bank PLCMd. Mahboob HossainSenior Executive Vice President & Head of BusinessSignatory
SenaKalyan Constructions & Developments LtdBrig. Gen. Rezaul Karim (ndc, psc)Managing DirectorSignatory

Purpose and Implementation of the Agreement

According to an official media release, the primary objective of this MoU is to introduce accessible financing options for residential construction and property acquisition. The partnership is designed to bridge the gap between retail banking services and property development, allowing customers of both organisations to access credit facilities specifically designated for housing purposes.

Through this initiative, Trust Bank PLC will utilise its financial infrastructure to process and disburse housing loans for eligible applicants, while SenaKalyan Constructions & Developments Limited will provide the corresponding real estate and construction frameworks. The collaboration aims to streamline the traditional borrowing process, providing clear guidelines and structured financial support for individuals seeking to build or purchase residential properties under projects associated with the two entities.

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