The Commercial Bank of Ceylon PLC signed a memorandum of understanding (MoU) with Partex Furniture Industries Ltd, a furniture manufacturing company in Bangladesh.

Kapila Liyanage, deputy chief executive officer and chief operating officer of the bank, and Fakhruddin Ahmed, head of operations of the furniture manufacturing company, signed the MOU at the former's head office in Dhaka recently, said a press release.

Under the MoU, the bank will offer zero percent EMI facilities to CBC credit card cardholders.

Other senior officials from both the companies were present.