Dhaka, June 22, 2025 (PR) - BRAC Bank has partnered with Petromax LPG Limited to introduce Distributor Finance facilities for Petromax’s distribution partners.
Under this collaboration, Petromax LPG’s distributors will now be eligible for secured and unsecured financing through BRAC Bank’s Distributor Finance product. The facility enables them to procure LPG products from Petromax without upfront payments, easing inventory management and improving liquidity.
The partnership aims to enhance access to working capital and strengthen the LPG supply chain across Bangladesh.
The signing ceremony took place at the BRAC Bank Head Office on May 22, 2025, attended by senior representatives from both organizations.
Present at the ceremony from Petromax LPG were Marco Antonio Oliveira, Managing Director and CEO; Mohammed Ismail, Chief Financial Officer; Mohammed Muijbur Rahman, Executive Director – Sales; and Saalim Sabir Aurko, Lead – Treasury.
Representing BRAC Bank were Tareq Refat Ullah Khan, Managing Director and CEO (Current Charge); Syed Abdul Momen, Additional Managing Director and Head of SME Banking; Alomgir Hossain, Head of Small Business (Central), SME Banking; AKM Faisal Halim, Head of Transaction Banking; and Abu Sadat Chowdhury, Area Head – 1, Corporate and Institutional Banking.
This initiative is a step forward in de-risking Bangladesh’s energy supply chain. By enabling downstream partners with accessible working capital, it supports smoother operations, uninterrupted product flow, and scalable growth for distributors.
