TBI VS (GK Auto) Agreement

TBI VS (GK Auto) Agreement

A cooperation agreement has been signed between the TRADE BANK of IRAQ (TBI) and agent of Hyundai in Iraq (GK Auto), Al-Eqtesad AlArabi Car Company

Iraq – Baghdad

Concerning the plan of the bank to support the private sector and provide best services for its customers, a new agreement has been signed with (GK Auto) Al-Eqtesad Al-Arabi Car Company the agent of Hyundai in Iraq, in accordance with “Sayarty” , which is product issued by the Trade Bank of Iraq so that employees, who receive their salaries from the bank, can buy cars in installments. According to the agreement, the bank shall grant loans reaching to 60,000,000 Million IQD as maximum to the employees willing to buy Hyundai cars.

While (GK Auto), shall carry out the sale process. The company shall also provide service centers and original spare parts after sale, not mentioning that the cars (Hyundai brand) will have 3 years guarantee (or 60000 km).

Assistance General Manager of TBI, Mr. Fouad Al-Wakeel, Chief Executive, Mr. Hazim Abdul Rahim and Authorized Manager of Al-Eqtesad Al-Arabi Cars Company, Mr. Yousef Morris, have signed the agreement in the presence of Mr. Mahmoud Fayed, the Sales Manager.

“TBI shall keep providing the best for its customer whether it was new projects or new products.”

Said Mr. Faisal Al-Haimus, Acting CEO and Chairman of TBI

Mr. Hazim Abdul Rahim, Chief Executive, said that the company is always looking forward to customer satisfaction by providing new brands that comply with operation conditions in Iraq and provide car warranty and after sale services.

• The financing process shall be subject to the terms and conditions of “SEARTY” product issued by TBI.