UOB Malaysia to offer financing to PETRONAS Dagangan dealers

Standing, from left: UOB Malaysia managing director and country head of wholesale banking Andy Cheah and PETRONAS Dagangan chief operating officer Khalil Jaffri Muhammad Muri Seated, from left: UOB Malaysia executive director and country head of corporate banking Anita Tang, PETRONAS Dagangan head of retail-fuel Norazlan Subaha and PETRONAS Lubricants Marketing (Malaysia) CEO Mohd Zameer Hussain

KUALA LUMPUR: UOB Malaysia has announced a tie-up with Petronas Dagangan Bhd and its unit, PETRONAS Lubricants Marketing (Malaysia) Sdn Bhd to provide end-to-end financing to more than 1,000 dealers and distributors.

In a statement, the bank said the UOB Dealer and Distributor Financing Programme offers working capital and capital expenditure financing, as well as bank guarantees and cash management solutions to expand their dealership and retail outlet operations nationwide.