Friday, October 12, 2012

Volvo and Stanchart collaborate to financial for SMEs

VOLVO Malaysia and Standard Chartered Bank Malaysia are collaborating to offer a financial solution to enable small-and-medium enterprises (SMEs) in the country to purchase high-quality trucks.

Source from (The Malay Mail): http://www.mmail.com.my/story/volvo-and-stanchart-collaborate-financial-smes-33092
Published: October 12, 2012

Volvo Malaysia Managing Director Mansoor Ahmed said the first-of-its-kind total financial solution, coupled with the total profitability over-lifecycle (TPOL) consultation by the automotive company, would enable the purchase of commercial vehicles to be more affordable and cost-effective in the long-term for SMEs.

"The TPOL solution is about partnering with our customers and bringing to them best practices and analytics towards understanding the key components of profitability in their business by looking at investment, operational costs and revenue drivers," he said in a statement today.
He added that both Volvo and Standard Chartered will work closely in assessing and responding to the customer's requirements with a two-week turnaround time.

Standard Chartered SME Banking General Manager Vishal Shah said the company is looking forward to working with Volvo towards the successful pursuit of its business strategy by leveraging on the growth opportunities in Malaysia. -Bernama

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