(MENAFN- Khaleej Times) DUBAI - Emirates NBD is now the first bank in Gulf countries to join hands with Germany's Porsche Financial Services for offering financial solutions for new and pre-owned auto purchases from the German Volkswagen Group to customers based in the UAE.
The bank on Saturday announced that it has signed a partnership agreement with Porsche Services Middle East and Africa, a wholly-owned subsidiary of Porsche Financial Services.
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 the Audi, Porsche and Volkswagen brands.
"This is a testament to our strategic objective of providing an enhanced service experience to our premium customers," said Suvo Sarkar, general manager of Retail Banking at 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."
"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," Porsche Financial Services chief executive officer Albert Moser said at the official signing ceremony.
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