Public Bank, Carsome sign MoU for car financing collaboration

Public Bank managing director/chief executive officer Tan Sri Tay Ah Lek (second from right) exchanging document with Carsome co-founder and group chief executive officer Eric Cheng (second on left).

KUALA LUMPUR: Public Bank Bhd and Carsome signed a memorandum of understanding (MoU) to collaborate on car financing.

With this MoU, Public Bank said it would be able to provide stock-financing and end-financing arrangements for the vehicles to its member car dealers and individual purchasers who have won the bids through Carsome online platform, as well as to extend wholesome financial products/services to Carsome’s customers.