Abu Dhabi: ADIB, a leading financial institution, has signed a cooperation agreement with Porsche Services Middle East & Africa, the local Volkswagen Group entity, to offer financial services solutions to the customers of the Volkswagen Group brands in the MENA region.
 
The partnership between ADIB and Porsche Services provided customers with Islamic finance solutions at authorized dealers across the UAE. This offer applies to the customers of Volkswagen, Audi, Porsche, Bentley and Lamborghini.
 
ADIB is the first Islamic bank worldwide to partner with Porsche Financial Services to provide financial service solutions to customers.
 
The cooperation agreement was signed by Albert Moser, CEO & President of Porsche Financial Services GmbH, Jörg Pape, COO of Porsche Financial Services GmbH, Andreas Popp, Director of Porsche Services Middle East & Africa and Philip King, Global Head of Retail Banking of ADIB, along with the presence of various representatives from Volkswagen, Audi, Bentley and Lamborghini.
 
Philip King, Head of Retail Banking at ADIB said, “We are delighted to be the first Islamic bank to work with Porsche Financial Services to offer customers attractive and flexible car financing solutions. ADIB continuously aims to provide Shari’a compliant products and solutions to our customers through various means to ease processes and ensure the best possible service.”
 
ADIB provides a range of car financing benefits such as, deferred payments, deposit assistance, attractive monthly instalments and short tenure contracts. 
 
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About Porsche Services Middle East & Africa FZE
Porsche Services Middle East & Africa FZE is a subsidiary of Porsche Financial Services GmbH, the captive financial services provider of the manufacturer Dr. Ing. h.c. F. Porsche AG. Porsche Financial Services offers tailored financial services products in 17 markets worldwide to Porsche customers. In the Middle East Porsche Financial Services further supports the Volkswagen Group brands Volkswagen, Audi, Bentley and Lamborghini.
 
About ADIB
ADIB is a leading bank in the UAE with more than AED 125 billion in assets. Its 997,000 customers benefit from the third largest distribution network in the UAE with 80 branches and more than 710 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).
 
In the UAE, the Bank has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 40 percent of the bank’s workforce being UAE Nationals.
 
ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.
 
Named “Best Bank in the UAE” by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.

© Press Release 2018