Emirates NBD ties-up with Volkswagen to offer customers special deals

Press release

Published April 1st, 2012 - 04:54 GMT

Al Bawaba

Emirates NBD, a leading bank in the region, announced today a strategic tie-up with Al Nabooda Automobiles, the authorised distributor of Volkswagen in the UAE, to offer customers a flat rate of 2.99 per cent ( 5.53 per cent reducing rate) annual financing, on select models of Volkswagen vehicles.

The promotion applies to all Volkswagen CC, Tiguan and Jetta models and runs across all Emirates NBD branches and Volkswagen showrooms until 30^th April, 2012.

“This latest Emirates NBD auto loan promotion, in alliance with Al Nabooda Automobiles, is part of our ongoing strategy to provide great value offers that correspond to our customers’ needs," said Shekhar Krishnamurthy, Head- Retail Assets and Liabilities, Emirates NBD.

"Volkswagen has a long history here in the Middle East and is a favourite choice among those looking for quality, safety and reliability. This promotion will provide highly competitive financing facilities for those in search of a top brand vehicle for 2012,” said Thierry Seys, Volkswagen General Manager at Al Nabooda Automobiles.

During the promotion these models of Volkswagen will be on display at three different locations in Dubai. They can be viewed up-close at The Burj Steps, downtown Dubai, Mall of the Emirates and The Lakes.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.

Company Profile

Volkswagen Middle East

Volkswagen’s relationship with the Middle East dates back to when the first Beetle was sold here many years ago. Since then, the brand has witnessed an exponential expansion. In 2005 Volkswagen, Europe’s largest car manufacturer, confirmed its commitment to its customers and partners in the region with the opening of the Volkswagen Middle East Regional Office based in Dubai, United Arab Emirates. This initiative has allowed the brand to introduce a wider variety of Volkswagen models to the region and strengthen their dedication to their patrons.