Emirates NBD signs strategic partnership with Hyundai to offer special deals during DSF

Press release
Published January 17th, 2012 - 11:05 GMT
Emirates NBD
Emirates NBD

Emirates NBD, a leading bank in the region, announced today, a tie-up with Juma Al Majid, the authorised distributor of Hyundai in the UAE, to offer customers a flat rate of 2.50 per cent (4.62 per cent reducing rate) annual financing, on purchases of Hyundai vehicles.

The promotion runs across all Emirates NBD branches and Hyundai showrooms until February 5, 2012. This special offer allows customers to avail low interest rates with no payment for the first 60 days. In addition to low interest rates on vehicle financing, there will be a free two year service contract with each purchase.

“The collaboration with Juma Al Majid Group further testifies Emirates NBD’s commitment to offer greater value to its customers," said Abdulelah Al Kindy, General Manager - Retail Banking, Emirates NBD. "Juma Al Majid Group is one of the oldest-established automobile distributors in the country. We are confident that our partnership with them will prove to be very attractive to our customers during this festive season.”

Commenting on the occasion, KhaledIssa, Chief Operating Officer, Juma Al Majid said, “We are extremely pleased to be able to offer highly attractive finance facilities for our customers. Our partnership with Emirates NBD marks a very important step for us, as competitive finance packages from a leading bank in the country allow us to deliver a unique proposition to our customers.”

The limited period offer is applicable for purchases new and used vehicles from Hyundai showrooms in Dubai until February 5, 2012.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.

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