Officials of Qatar National Bank and Qatar Building Company signing the agreement.
DOHA: Qatar National Bank (QNB) has signed an agreement with Qatar Building Company (QBC).
The agreement is part of QNB’s business banking programme(BB), an innovative platform complete with detailed business oriented solutions offered by QNB.
As per the new agreement, QBC will be referring their Hyundai customers to QNB in order to assist with the financing of their purchases.
QBC is a leading heavy equipment supplier and is the exclusive agent for Hyundai in Qatar, which is now included in QNB’s equipment finance programme.
QNB, through its business banking division, has launched an equipment finance programme tailored at the small and medium companies in the construction sector in Qatar. Financing ranges from 75 percent to 84 percent of the equipment’s value and is available for one to three years.
Under the terms of the agreement QNB will offer competitive finance rates to QBC’s customers and QBC will ensure the servicing of the equipment.
To coincide with the signing of the agreement, the first QNB customer to finance their purchase of Hyundai equipment will be offered by QBC a business class trip to visit the Hundai manufacturing facility in Korea. Also, the top three QNB customers will be offered the opportunity to travel free to Korea, with the compliments of QBC.
During the signing ceremony Hamad Al Jamali QNB’s Acting AGM for SME said: “We are very pleased that QBC has joined our equipment finance programme. As a premium supplier of quality equipment, we view the inclusion of the Hyundai brand as a major endorsement of our programme.”
Signing on behalf of QBC, Bader Mustafawi, Commercial Manager, said: “We believe that our customers will be best served by QNB due to their very competitive financing rates, quick turnaround time and quality service they offer from multiple locations.”
The Peninsula
