PUBLIC BANK TO OFFER FINANCING FACILITIES TO PERODUA AUTHORISED DEALERS

KUALA LUMPUR, May 29 (Bernama) -- Public Bank Bhd has signed a memorandum of collaboration (MoC) with Perodua Sales Sdn Bhd to provide financing facilities to Perodua authorised dealers.

Public Bank managing director and chief executive officer Tan Sri Dr Tay Ah Lek said Perodua is Malaysia’s first and biggest energy-efficient vehicle (EEV) manufacturer.

“On our part, supporting the growth of the EEV industry is a key pillar of the bank’s climate agenda, where Public Bank had mobilised over RM30 billion in domestic EEV financing by the end of 2022.

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“As part of our ongoing commitment to supporting the growth of the EEV industry, Public Bank has increased its EEV lending target from RM25 billion to RM33 billion by 2025,” he said in a speech at the MoC signing ceremony held here on May 25, according to a joint statement issued by the companies.

Tay said there is, therefore, a strong synergistic potential where Public Bank and Perodua can continue to work together, not only in growing their respective business but also in contributing positively toward ESG initiatives for the betterment of society and the world.

Public Bank said it is committed to contributing to the long-term growth of its communities, fueling the nation's automotive sector, and charting greater success together in the years ahead.

The collaboration with Perodua will enable the bank to interface and simplify digitisation through online submission of hire purchase end-financing applications to the bank, including uploading of basic application paperwork and tracking of application status.

-- BERNAMA