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FBL & Indus Motor Company Ltd. enter into a Strategic Alliance

Islamabad: Faysal Bank Limited (FBL), one of the leading banks in Pakistan recently signed a Memorandum of Understanding with Indus Motor Company Ltd. Both Indus Motor Company and Faysal Bank will support each other to promote sales and market their offerings to customers. Mr. Yousaf Hussain, President & CEO Faysal Bank Limited signed the MoU along with Mr. Ali Asghar Jamali, CEO Indus Motor Company Limited in the presence of Retail Banking Head FBL – Mr. Tahir Yaqoob Bhatti, Consumer Finance Head FBL – Syed Iftikhar Ul Haq and other senior executives from both organisations. The signing ceremony was held at Faysal Bank Head Office, Karachi.
As per the alliance, Faysal Bank will facilitate its customers by providing them with exclusive financing and takaful rates on Toyota Fortuner, Toyota Revo, Toyota Camry and newly launched Toyota Rush. With this initiative, customers can avail fast track processing of their financing facility coupled with discounts on availing Faysal Bank Credit Cards.
Mr. Yousaf Hussain, CEO – Faysal Bank Limited, while speaking at the occasion, expressed his confidence in this strategic alliance. He further added, “Both Indus Motor and Faysal Bank are key players of Car Finance industry. I am sure together we can serve our customers and support each other to achieve common goals”.
Mr. Tahir Yaqoob Bhatti, Head Retail Banking – Faysal Bank Limited said, “I am pleased to see Faysal Bank and Indus Motor entering into a long term strategic alliance. Faysal Car Finance can benefit a lot with Indus Motor’s experience and penetration in the market”.
Mr. Iftikhar Ul Haq, Head Consumer Finance – Faysal Bank Limited said, “Indus Motor Company is one of the largest car manufacturers and Faysal Bank is one of the leading car financing players in Pakistan. With the synergies we develop, I am hopeful it will go a long way in serving our business interest and facilitating our customers”.
Commenting on the alliance, Mr. Ali Asghar Jamali, CEO – Indus Motor Company said, “We are proud to partner with Faysal Bank Limited Pakistan. We believe that this partnership will enable our valued customers to attain premium Toyota vehicles at competitive financing rates”.
Faysal Bank believes that this alliance will be mutually beneficial for both organisations and will help in reaching larger markets.

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