• First bank in GCC region to tie-up with German car manufacturers
• Tie-up targets customers in the UAE
• Operations tosupport Audi, Porsche and Volkswagen models
Dubai, April20, 2013: Emirates NBD, a leading bank in the region, announced today that it has signed a partnership agreement with Porsche Services Middle East and Africa FZE, a wholly-owned subsidiary of Porsche Financial Services GmbHof Germany, to jointly offer financial solutions for new and pre-ownedauto purchases from the German Volkswagen Group to customers based in the United Arab Emirates. The agreement, starting with immediate effect, applies to possession and financing of Audi, Porsche and Volkswagen vehicles, all of which are manufactured by the Volkswagen Group.
The new venture will provide customers with competitive financial solutions for buying new and pre-owned vehicles, enhancing the customer experience, as well as the opportunity to experience world-class customer service under Audi, Porsche and Volkswagen brands.
“We are delighted to sign the agreement with Porsche Services Middle East and Africa FZE, to become their trusted exclusive partner in the United Arab Emirates. This is a testament to our strategic objective of providing an enhanced service experience to our premium customers,” said Suvo Sarkar, General Manager, Retail Banking, Emirates NBD. “This partnership, with one of the world's leading portfolio of marques will enable us to provide our customers with great value and superior experience that are aligned to their evolving needs, in addition, to facilitating their access to best-in-class quality, safety and reliability.”
Speaking at the official signing ceremony Albert Moser, CEO of Porsche Financial Services GmbH said: “We are pleased to partner with Emirates NBD, the region's leading financial services provider. Given the range and level of services on offer, the bank was our natural choice as a partner.We are confident that this agreement will be of considerable benefit to both our organisations and our customers.”