Public Bank Berhad and Perodua Sales Sdn Bhd (Perodua) recently joined forces through a Memorandum of Collaboration (MoC) to provide enhanced financing facilities to Perodua authorized dealers. The signing ceremony took place on May 25, 2023, at Menara Public Bank, with the presence of key executives from both organizations, including Tan Sri Dato’ Sri Dr. Tay Ah Lek and Dato’ Chang Kat Kiam from Public Bank, as well as Dato’ Sri Zainal Abidin Ahmad and En. JH Rozman Jaafar from Perodua, along with other senior management staff.
This strategic collaboration aims to streamline and digitalize the financing process for Perodua dealers. Public Bank will leverage its digital interface to enable online submission of hire purchase end-financing applications, facilitating document uploads and application tracking. By embracing digitalization, the partnership between Public Bank and Perodua seeks to enhance efficiency and improve customer experience.
During his speech, Tan Sri Dato’ Sri Dr. Tay Ah Lek emphasized the significance of Perodua as Malaysia’s foremost Energy-Efficient Vehicle (EEV) manufacturer. He further highlighted Public Bank’s commitment to supporting the growth of the EEV industry, as evidenced by the bank’s mobilization of over RM30 billion in domestic EEV financing by the end of 2022. In line with its climate agenda, Public Bank has raised its EEV lending target to RM33 billion by 2025, demonstrating its dedication to fostering sustainable practices.
Tan Sri Dato’ Sri Dr. Tay Ah Lek also emphasized the potential for collaboration between Public Bank and Perodua to contribute to environmental, social, and governance (ESG) initiatives. By synergistically working together, both organizations can not only expand their respective businesses but also make positive contributions to society and the world at large.
Dato’ Sri Zainal Abidin Ahmad expressed his optimism about the collaboration, acknowledging that this three-pronged deal caters to the current and future needs of Perodua. He expressed hope that this collaboration would elevate both organizations to new heights, setting the stage for continued progress.
Public Bank remains committed to supporting sustainable development within communities and fostering growth in Malaysia’s automotive industry. With this partnership, they aim to forge a stronger path forward, driving progress for years to come.
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