Thursday 27 June 2019

Al Yousuf, UNB launch new green loan

Dubai, April 27, 2014

Al Yousuf GreenTech (AGT), a leading provider of energy-saving electrical solutions, has partnered with the UAE-based Union National Bank (UNB) to launch the first-of-its-kind 'Green Loan' service in the region.

A subsidiary of Al Yousuf Group, AGT is a global organization that has strengthened immeasurably over the past 60 years. Al Yousuf Group has played and continues to occupy a major role in various industries and sectors of the region.

The service would offer tailor-made solutions to clients on the wide-range of energy efficient products from globally renowned brands offered by AGT, said the company in a statement.

AGT provides end-to-end building and home automation solutions, from designing and installation to after-sale service, using exceptional energy-saving solutions. AGT’s product portfolio ranges across a wide-range of indoor and outdoor LED lights, efficient air-conditioners, solar lights, light sensors and accessories.

LG Electronics is among the leading global brands that AGT is associated with, bringing its high-quality innovative lighting and electrical range to the customers, it stated.

Commenting on the launch, Eqbal Al Yousuf, the president of Al Yousuf Group, said: “We are very pleased to launch the exclusive loan service in association with UNB. At GreenTech, we strongly believe in bringing the most high-quality, cost-efficient and energy-saving solutions to our customers."

"And through the Green Loan service, our customers would be able to witness a drastic saving right from the time of installation. It is an unfailing solution to ensure optimum efficiency and saving for our customers," he stated.

“With LG’s reputable and high-quality products, UNB’s regional and financial expertise and our established leadership in design and implementation, this would be a highly profitable partnership for all,” he added.

Mohammed Zein, the senior VP & head of corporate business group, for UNB said: "We remain firmly committed to being ‘the bank that cares’, and will continue investing in efforts and resources into activities that have a direct bearing on the community we operate in.”

“We are very pleased to partner with AGT and offer Energy Saving solutions. UNB will be able to help the customers, attain the energy efficiency milestones that will help them reduce energy use, save money and make a positive impact on the environment, while also improving the quality of their lives now and for many years to come,” he added.

DY Kim, the president of LG Electronics Gulf FZE, said: “We share a long standing and highly-successful partnership with Al Yousuf Group. They offer us the right synergy in our ideas and business philosophy. We are pleased to see this partnership strengthen further to AGT’s innovative scheme’s to offer more in cost-saving to customers.”-TradeArabia News Service

Tags: Union National Bank | Al Yousuf |

More Finance & Capital Market Stories

calendarCalendar of Events