BRAC Bank partners with Pidilite Speciality Chemicals

 BRAC Bank has signed an agreement with Pidilite Speciality Chemicals (BD) Pvt. Ltd. to provide financing solutions for the adhesive manufacturing company's distributors. 

This agreement will empower Pidilite's distributors nationwide by granting them access to convenient term loans from BRAC Bank, ensuring seamless business operations.
The initiative benefits Pidilite's dealers and distributors, as they will now receive consistent and reliable funding to support their working capital needs.

Under the agreement, Pidilite's distributors in Bangladesh can take out secured and unsecured loans. By leveraging the bank's advanced corporate internet banking platform, CORPnet, distributors can swiftly and efficiently transfer payments to the manufacturer.

The formalisation of this agreement took place on February 9, 2025, at Pidilite's office, with Mainak Dutta, Country Manager and Director of Pidilite Speciality Chemicals, and Taher Hasan Al Mamun, Senior Zonal Head of South Distribution Network of BRAC Bank, present.

Representatives from both organisations attended the signing ceremony, including Khaled Al Fesani, Area Head of Corporate Banking; Indrajit Sur, Head of Emerging Corporate; and Alomgir Hossain, Head of Small Business (Central), SME Banking from BRAC Bank, alongside Shaikh Abdul Momen FCA, Chief of Finance, and Mohammad Rezaul Kabir, Manager of Treasury from Pidilite Speciality Chemicals.

This collaboration marks a significant step in strengthening Pidilite's distribution network and promoting growth and stability in the adhesive market.