Qatar National Bank (QNB), the World’s strongest bank, has signed an agreement with a leading local company QBC. The agreement comes as part of QNB’s ongoing commitment to offer its business clients a variety of products and services that are considered to be essential components of any successful enterprise and entrepreneur.
QNB, through its Business Banking division, has launched an equipment finance program tailored at the small and medium companies in the construction sector in Qatar. Financing ranges from 75% to 84% of the equipment’s value and is available for between one to three years.
QBC is a leading Heavy Equipment’s supplier and is the exclusive agent for HYUNDAI in Qatar which is now included in QNB’s equipment finance program. The joint agreement is part of QNB’s Business Banking Program also known as “BB”, which is 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. The equipment which is eligible includes: Crawler Excavators, Wheel Excavators, Diesel Forklifts, Backhoe Loaders, Skid Loaders, Skid Steer Loaders Wheel Loaders, Rollers and Breakers. 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 finalizing 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 HYUNDAI manufacturing facility in Korea. Once there, the customer will have the chance to be introduced to HYUNDAI’s latest product range. 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 Mr. Hamad Al-Jamali QNB’s Acting AGM for SME stated “We are very pleased that QBC has joined our equipment finance program. As a premium supplier of quality equipment we view the inclusion of the HYUNDAI brand as a major endorsement of our program”
Signing on behalf of QBC Mr. 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.”
For more information about the “Equipment Finance program”, please visit our website: qnb.com.qa, or contact us at: 44407777.