Bank Alfalah has partnered with Pak Suzuki Motor Company Limited (PSMCL) to offer Finance Arrangement Program to their extensive customer base.
According to Bank Alfalah, the Finance Arrangement Program will cater to the evolving financial needs of mutual customers by delivering innovative solutions with value-added benefits. The collaboration has been designed to boost Bank Alfalah and PSMCL market standing and footprint by growing their respective shares in Pakistan’s Auto Finance industry.
Pak Suzuki believes that this is an ideal time for such initiatives in Pakistan as the interest rates are decreasing and the economic outlook looks promising. The company hopes that it will continue with this momentum. Pak Suzuki is confident to further grow its shares and explore more viable business avenues.
The MoU signing ceremony took place at Lahore in presence of senior officials from both organizations. Mr. Atif Bajwa – CEO and President, Bank Alfalah and Mr. Hirofumi Nagao – Managing Director PSMCL, signed the agreement.
Speaking on the occasion, Mr. Atif Bajwa said, “We are delighted to have strengthened our business ties with Pak Suzuki further through this significant partnership. Bank Alfalah and PSMCL, being key players in Pakistan’s financial and auto sectors respectively, have convergent customer facilitation goals which, we are confident, will be achieved through this major development. As we move further, we want to strengthen this partnership by helping PSMCL’s supply and distribution chains through another layer of financing options.