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Warba Bank signs new agreement with Aayan Auto Co Lender expands base of its various financing services

KUWAIT CITY, Dec 15: Warba Bank today announced concluding an agreement with Aayan Kuwait Auto Company, whereby Warba will provide its distinguished financing services to Aayan’s national and resident costumers. The agreement will cover various types of used cars showed at the company’s headquarters and branches. Commenting on this, Waleed Al- Mosallam, Personal Financing Manager - Retail Banking Group at Warba Bank said: “The agreement is a testament to the excellent and quick financing services offered by Warba to its customers. The banks offers Murabaha at competitive prices and discount rates, as well as other numerous added services for various segments of society.” Al-Mosallam indicated that: “According to the agreement, a Warba dedicated representative will be available daily at Aayan’s premises in Al-Rai to provide Warba’s financing services to customers. Indeed, Warba seeks to offer diversified financing services through car agencies, relevant companies, promotional exhibitions of consumer and construction products, participation in different events and sponsoring various key events, besides launching advertising campaigns throughout the year on retail consumers finance.”

Al-Mosallam reiterated that: “Warba offers competitive financing services with unique features including no advance payment required, fast processing, competitive profit rate and an insurance policy covering travel, road assistance and life insurance over a limited period, as well as other services offered to customers. Warba offers various competitive retail services, through which Warba seeks to enter into qualitative agreements that enhance the credit facilities offered to retail customers. Such services include, the agreements concluded with other car agencies, as well as diverse promotions and exhibitions.”

Al-Mosallam said: “Warba is always keen to build solid business relations with its customers, so as to familiarize them with Warba’s financing products, i.e., the Qardh Hasan of up to KD 1500/-; the financing facilities of up to KD 15,000 for cars, boats, marine equipment, furniture, electronics, and consumer goods; and the financing facilities of up to KD 70,000 for construction materials, with flexible repayment period of up to 15 years.” Al-Mosallam explained that: “Warba’s financing services mark Sharia compliance, quality service, fast processing, and competitive profit rate. In addition, such features do not require salary transfer to Warba, and fulfill the needs of the society segments of both nationals and residents.” In conclusion, Al-Mosallam said: “Warba’s professionals and efficient staff members are capable of providing the bank’s financing services related to its various agreements through Warba’s branches located in Kuwait governorates, or branches of companies with which Warba has concluded financing agreements.”

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