JCB launches new finance product in UAE with ADCB
JCB, Galadari and ADCB form alliance to offer new finance products
JCB and its UAE distributor, Galadari Truck and Heavy Equipment Co. (GTHE), have formed a strategic alliance with Abu Dhabi Commercial Bank (ADCB) to offer a new finance products and services under the JCB Finance brand.
The finance offerings will be available to JCB buyers and owners throughout the Emirates, supported by JCB’s local dealer Galadari.
Robert Winter, director of JCB Finance global operations, hailed the new agreement.
“The combination of our local dealer Galadari with its strong customer focus and outstanding service pedigree together with the extensive capabilities and excellent market reputation of ADCB make this an exciting development for all of us.
"Extending the reach of JCB Finance into the UAE is a key factor in supporting our ambitious growth plans for the years ahead," said Winter.
Nilanjin Ray, head of business banking division ADBC said that the new finance products target an important area of the business market.
“ADCB has always been a pioneer in business banking. Our products and services reflect our long standing commitment to the SME community across UAE.
"This partnership between ADCB, JCB and Galadari is very important to us since we feel that it is critical to support the commercial equipment and vehicles segment of the market. We are sure that this partnership will leverage the relative strengths of all three partners to deliver a best in class financing solution on JCB equipment,” said Ray.
Khalid Abd El Wahab, JCB division manager of GTHE, said that the products would be an additional tool, "for offering a complete package to our customers and meet the current market demand.
"The success of JCB Finance is granted especially when it comes to the strength of our partners with strong professional back up from JCB and the outstanding reputation of ADCB in the UAE."