Public Bank in financing tie-up with Carsome

Public Bank managing director and chief executive officer Tan Sri Tay Ah Lek said the collaboration aimed at offering comprehensive financial services solution namely PB current account, PB enterprise, cash management and credit card merchant service with preferential terms to Carsome and its member car dealers.

KUALA LUMPUR: Public Bank Bhd and Carsome have signed a memorandum of understanding (MoU) for a car financing collaboration.

Under the MoU, the bank will 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 and services to Carsome’s customers, Public Bank said in a statement yesterday.