JS Bank and Regal Automobile Industries enter into Strategic Alliance
Karachi, March 12, 2019: JS Bank, one of Pakistan’s fastest growing financial institutions has joined hands with Regal Automobile Industries Limited (RAIL), to offer customers a range of exclusive financing solutions and value-added services.
Regal Automobiles is a new market entrant with a license to produce vehicles under the ‘Prince’ brand name. The company is affiliated with DFSK (Dongfeng-Sokon) a subsidiary brand of Dongfeng Motor Corporation, the Chinese state-owned auto giant. Under the terms of this alliance, Regal customers can avail fast track vehicle delivery along with priority processing.
Sharing his thoughts, Babbar Wajid, Business Head – Consumer Banking & Product Management JS Bank said, “JS CarAamad Car Finance is one of our flagship consumer products. This alliance with RAIL will further expand the menu of cars available for purchase. Customers looking for best products and services, will be able to avail just that along with flexible financing options through a one window solution.”
Sohail Usman – Chairman, Regal Automobile said, “In view of the country’s current economic circumstances, RAIL has come up with a dynamic product portfolio keeping in mind diversity, innovation and affordability. We are aggressively working to provide locally assembled products for both the consumer and the commercial market. Our local assembly plant is fully operational and a strong 3 S network across Pakistan is facilitating the customers.”
This association promises a multitude of economic benefits including GDP contribution, reduced import costs, local good production, job creation and much more others while also building a strong and mutually beneficial business relationship between, JS Bank and Regal Automobile.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities. The Bank also has an international presence and is a leading player in the digital banking space. JS Bank has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is art of JS Group, one of the Pakistan’s most diversified and progressive financial services group. For more information, please visit http://www.jsbl.com.
About Regal Automobile Industries Limited:
We’re ambitious. We aim to continue leading the Global Automotive Industry in safety Technology, Electrification and Autonomous Drive and we continually challenge ourselves. We have created world-changing innovations, the first SUV car (Glory 580) in Pakistan. People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership. Today, Prince Cars is one of the most well-known and respected car brands in Automobile Industry. We want to talk more with our customers, so we’re aiming for more than five million direct consumer relationships by the middle of the next decade, creating new sources of recurring revenue.