01 May 2016
· Industry-leading financial services now offered to Mercedes-Benz customers in the Kingdom of Bahrain

· Flexible finance products & processes tailored to the needs of customers

Kingdom of Bahrain - Daimler Financial Services and BBK in collaboration with Al Haddad Motors have begun offering Mercedes-Benz branded financial services under the brand name 'Mercedes-Benz Finance'. Customers in the Kingdom of Bahrain can now take advantage of attractive automotive financing available for Mercedes-Benz passenger cars.

Mercedes-Benz Finance offers products that are designed for customers who wish to buy a new or used Mercedes-Benz vehicle at competitive rates. 

BBK has been a pioneer in commercial banking for over 45 years in the Kingdom of Bahrain. As a revolutionary market leader, BBK has built a name and reputation which is respected locally as well as internationally.

Mr. Mohammed Malik, BBK's GM Retail Banking said: "It is our pleasure to work with Daimler Financial Services in collaboration with our long standing partner, Al Haddad Motors. We are pleased to have been selected by Daimler Financial Services to partner with them and provide financing solutions for their products. Together, we aim to provide the best financing solutions and to support customers to own a Mercedes-Benz. Our partnership will make this dream a reality for people."

With the new 'Star Finance' product customers can choose their down-payment and enjoy the ease of settling the remaining value through fixed monthly instalments throughout their preferred repayment period as per the approved local auto finance rules. To provide a one-stop approach to the customer, a Mercedes-Benz Finance representative will be in the showroom to advise the customer directly.

Al Haddad Motors is the authorized General Distributor for the entire range of Mercedes-Benz cars and commercial vehicles in the Kingdom of Bahrain. Graeme Newport, General Manager of Al Haddad Motors, said, 'The 'Mercedes-Banz Finance' is a strategic step taken to ease the process of financing for the customer. With this collaboration between Al Haddad Motors and BBK, Al Haddad wants to aid the buying woes of the customer, leading to a peaceful purchase. By financing with Daimler Finanical Services, the client will experience a smooth transaction with excellent service. Our association with BBK will make the customer interaction hassle-free."

Daimler Financial Services Board Member Peter Henn, responsible for the Africa & Asia Pacific region said, "Millions of customers worldwide trust our products and services. Offering Mercedes-Benz branded products in the Kingdom of Bahrain is a significant milestone for us. With tailored financial products aimed at delighting customers, it's our ambition to make the dream of driving a Mercedes-Benz come true for a greater number of people in the Kingdom of Bahrain."

With offices in over 40 countries across the globe, Daimler Financial Services currently puts around 3.7 million vehicles on the road worldwide.  Through its innovative financial products and customer approach, Daimler Financial Services had a contract volume of EUR 117 bn at the end of 2015.

Daimler at a Glance
Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance, financial investments, credit cards, and innovative mobility services.

The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today:

The Group's focus is on innovative and green technologies as well as on safe and superior automobiles that appeal  and fascinate. Daimler consequently invests in the development of alternative drive trains with the long-term goal of emission-free driving: from hybrid vehicles to electric vehicles powered by battery or fuel cell. Furthermore, the company follows a consistent path towards accident-free driving and intelligent connectivity all the way to autonomous driving. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment.

Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities in Europe, North and South America, Asia, and Africa. Its current brand portfolio includes, in addition to the world's most valuable premium automotive brand, Mercedes-Benz, as well as Mercedes-AMG, Mercedes-Maybach and Mercedes me, the brands smart, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses, and Daimler Financial Services' brands: Mercedes-Benz Bank, Mercedes-Benz Financial, Daimler Truck Financial, moovel, car2go and mytaxi. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2015, the Group sold around 2.9 million vehicles and employed a workforce of 284,015 people; revenue totalled €149.5 billion and EBIT amounted to €13.2 billion.
 

Contact:
Michael Braun, +65 6849 5632, michael.mi.braun@daimler.com

Further information from Daimler is available at:
www.media.daimler.com und www.daimler.com

© Press Release 2016