23/09/2008 - 11:22

BankWest teams up with Allianz Finance

23/09/2008 - 11:22

Bookmark

Upgrade your subscription to use this feature.

BankWest has formed a referral relationship with Allianz Finance, under which the latter will provide debtor finance products to the bank's customers.

BankWest has formed a referral relationship with Allianz Finance, under which the latter will provide debtor finance products to the bank's customers.

Under the deal, BankWest will refer all new debtor finance customers to Allianz Finance and existing debtor finance clients will be transitioned to Allianz over the next two months.

"With the growing turmoil in the global credit markets, Allianz Finance is pleased it can play its part in helping Australian companies facilitate growth through the provision of dependable cashflow funding," Allianz Finance chief executive Brad Bartlem said.

BankWest national director of international trade finance Tony McCabe said the deal with Allianz Finanz would reassure its customers.

"It was paramount to us that we selected a partner who would continue to deliver high service levels to our customers and provide the peace of mind that goes with partnering a local Australian company thats part of a strong global brand," he said.

"Given the current challenging economic conditions, were confident that additional benefits such as Bad Debt Insurance will also appeal to our business customers."

Last week, BankWest's parent company HBOS plc was taken over by UK bank Lloyds TSB in a $28 billion deal.

 

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options