03-05-2012
Car Dealers and ADILease sohour
ADIB Egypt’s Sohour Celebration with Car Distributors and Dealers
Tirad Mahmoud: Leading role for the bank in auto financing
Nevine Loutfy: The growth in the number of our partners and our expanded geographic reach are the main reasons for our success
Distinct Auto Finance Offers from ADILease Support its Presence in the Egyptian Market
ADIB Egypt organized a sohour celebration for its success partners including car dealers and distributors, to celebrate its auto financing leadership in the Egyptian market, in addition to revealing the achievements of ADILease company for lease finance, established by the bank two years ago to provide Shari’a-compliant lease finance services.
During the celebration Mr. Tirad Mahmoud, CEO of ADIB, praised the bank’s distinguished role in the auto finance market, stating, “At ADIB we are delighted with the leading position ADIB Egypt has reached in auto finance within the Egyptian market, as well as the bank’s success in offering more finance programs that meet the diverse needs of various customer segments.”
Neinve Loutfy, Managing Director and CEO of ADIB Egypt, stated, “The bank’s success in acquiring the leading position in the auto finance market, is due to the increasing growth in the number of our success partners from car distributors and dealers in Egypt and the fruitful cooperation between us, which has led to the doubling of their number over the past four years. This is in addition to the wide geographic coverage as a result of ADIB Egypt’s presence through a network of 70 branches across the country.”
Within the framework of ADIB Egypt’s success in auto financing, ADILease company for lease finance, a subsidiary of the bank, succeeded in strengthening its presence in the Egyptian market thanks to the competitive benefits it has offered for truck financing, such as 72 hour credit approval for finance, ongoing technical support from the bank, extensive commercial partnership with a network of distributors and trade agreements signed with insurance companies for prompt and distinguished service supported by the bank’s wide geographic coverage across the country.
