Chevrolet and Thanachart Bank Enter Partnership to Provide Customers with Expanded Access to Vehicle Financing

Stocks and Financial Services Press Releases Monday February 29, 2016 16:34
Bangkok--29 Feb--Thanachart Bank

Chevrolet Sales Thailand and Thanachart Bank Public Company Ltd. today signed a new partnership agreement. Thanachart's extensive nationwide network of branches will provide expanded and more convenient access for Chevrolet customers to obtain wholesale finance and hire purchase retail financing, especially in upcountry areas where Chevrolet's pickup trucks and SUVs are strong sellers. These segments account for the majority of Chevrolet sales in Thailand.

Thanachart is Thailand's biggest automotive industry financial company and the fifth largest Thai commercial bank in terms of number of branches with more than 600 branches nationwide. Chevrolet Sales Thailand has more than 100 dealerships across the country.

"By partnering with Thanachart Bank, we will provide our customers with greater access to a full-range of financial services that will help them become Chevrolet owners. This partnership further demonstrates Chevrolet's commitment to putting customers at the center of everything we do, including the financing of their vehicle purchase," said Mr. Marcos Purty, Managing Director, GM Thailand and Chevrolet Sales Thailand.

Mr. Somjate Moosirilert, CEO and President, Thanachart Bank Public Company Limited, said "We are proud to partner with Chevrolet Sales Thailand, a leading automotive company boasting a strong American brand with long heritage, to provide financial services for Hire Purchase Retail Finance and Wholesale Finance."

In addition, Mr. Joseph Urso, Director of Corporate Development, General Motors Thailand and Chevrolet Sales Thailand and Mr. Tirachart Chiracharasporn, Senior Vice President of Hire Purchase Product and Marketing Management, Thanachart Bank Public Company Limited, said that this strategic partnership will provide the foundation for the introduction of new automotive finance products, campaigns, and enhanced financial services for Chevrolet customers nationwide.

The partnership will officially start on April 1, 2016. Chevrolet customers will be able to contact Thanachart Bank's leasing call center at the dedicated number 02-217-5734.

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