Faysal Bank Car Finance, Audi Pakistan and IGI Insurance enters into Strategic Alliance

Faysal Bank Car Finance, Audi Pakistan and IGI Insurance enters into Strategic Alliance

Karachi, 6th March 2017: Faysal Bank Limited (FBL), one of the leading banks in Pakistan, joins hands with Audi Pakistan and IGI Insurance to offer incredible discounts and value added services to their customers.

As a part of Strategic Alliance between Faysal Bank and Audi Pakistan, customers will avail unprecedented offers in terms of car financing markup rates, fast track processing, waivers in processing charges, priority vehicle delivery along with exclusive coverage provided by IGI Insurance at the most competitive premium rates.

In addition to the above customers will receive preferential treatment in Faysal Bank branches and Audi Showrooms across Pakistan.

Commenting on the alliance Mr. Fouad Farrukh, Head of Retail Banking, Faysal Bank said “Faysal Bank Car Finance is one of our flagship consumer products and an obvious choice for Audi financing. I have a firm belief that entering into a strategic alliance with Audi and IGI will prove to be instrumental in providing our customers with best of the best services”. He further added “I am hopeful this alliance will take the market by storm while remaining beneficial for customers as well as commercially viable for alliance partners.”

Speaking at the occasion Mr. Muhammad Yasin Khan, Chief Financial Officer, Premier Systems (Pvt) Ltd, said “Driving away in an Audi has never been more convenient. Faysal Bank knows our customers require options, not alternatives, which is why they offer flexible financial plans that will help lower monthly payments. This partnership is a win-win situation for our customers”.

Expressing his views about this alliance Mr. TahirMasaud, Chief Executive Officer, IGI Insurance Ltd., said “IGI is proud to be associated with the leading brands of Audi and FBL. This new partnership is uniquely positioned to provide our mutual customers with swift and low cost financing and insurance solution. With IGI’s fast-track claim settlement services, we are confident to take the consumer experience to the next level.”


About Faysal Bank Limited:

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. The Pakistan Credit Rating Agency Limited (PACRA) and JCR-VIS Credit Rating Company Limited have determined the Bank’s long term rating as ‘AA’ and short term rating as ‘A1+’.


Faysal Bank’s footprint now spreads over more than 100 cities with over 350 branches. With total assets in excess of PKR 440 billion, placing it amongst the significant players in Pakistan’s banking industry. Faysal Bank’s ambition is to provide par excellence service to its customers while meeting their financial needs.


About Audi Pakistan:

The Audi Group, with its brands Audi, Ducati and Lamborghini, is one of the most successful manufacturers of automobiles and motorcycles in the premium segment. It is present in more than 100 markets worldwide and produces at 16 locations in twelve countries. Audi provides the best driving experience possible and is rapidly growing in popularity for its premium mobility and is represented in Pakistan for more than a decade by Premier Systems (Pvt) Ltd. Premier’s superior nationwide after sales service has positioned Audi the leading luxury automobile brand in Pakistan with the highest market share in the premium brand segment.


About IGI Insurance:

IGI is a public listed general insurance company (KSE: IGIIL) founded in 1953. Being part of the Packages Group, IGI is the largest insurance company by market capitalization. Headquartered in Karachi, IGI has offices in 8 cities nationwide and offers a wide range of general insurance products including Fire, Motor, Marine, Travel, Health Personal Accident and Home Insurance.


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