United Bank Limited (UBL) and Pak Suzuki Motor Company Limited entered into an agreement whereby customers of both organizations stand to benefit from their combined strength. Whereas UBL is one of Pakistan’s largest private banks with an extensive network of over 1,100 branches across Pakistan, Pak-Suzuki also has the largest countrywide network of 3S (Sales, Service, Spares) Dealers, catering to a majority of automobile customers in the country.

Under the special alliance automobile customers will be able to avail financing from UBL Drive on attractive terms along with several benefits including early delivery, rate breaks, discounts and competitive insurance packages with free tracking device. Also, they would receive preference in terms of delivery of vehicles of their choice from Pak-Suzuki.

The President & CEO, UBL Mr. Atif R. Bokhari expressed his confidence at the signing ceremony stating that the alliance between the two companies will bring unique benefits to customers. He said: “At UBL we have restarted auto-financing with renewed vigor, albeit tempering it with prudence and measured risk taking, for the benefit of our customers. Our extensive branch network reaches out into smaller towns and cities. Coupled with Pak- Suzuki’s strong nationwide network of dealerships it presents an ideal opportunity for providing better service to our customers with regard to the car they purchase from Pak-Suzuki dealers as well as in its financing arrangement with UBL.” .

Commenting on the alliance between the two companies, Mr. Hirofumi Nagao MD & CEO of Pak Suzuki said that: “…this strategic partnership aiming to align Pak Suzuki dealerships with UBL branches nationwide has important value addition features for auto-financing customers and is a natural alliance owing to the top standing of UBL as the largest bank and Pak Suzuki being the No.1 automobile manufacturer.”

Launched in 2004 UBL Drive is a unique auto financing product which offers features, options and flexibility that is unmatched by any other bank. UBL Drive has maintained its market leadership over the years, having a portfolio size that is bigger than that of any other bank in the country.