Access bank partners Universal Motors and Allianz Insurance for vehicle financing

June 27, 2023 / Comments (0)

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Access Bank Ghana has partnered with giant German brands, Volkswagen (VW) and Allianz Insurance to offer Ghanaians cheaper, insured brand new vehicles, under a new partnership agreement.

Under the partnership, Ghanaians can acquire vehicle finance loans from Access Bank to purchase several brand-new VW models at discounted prices and protect the cars through premium insurance packages from Allianz Insurance.

In a short ceremony at the VW showroom at Industrial Area in Accra, German Ambassador, Daniel Krull said the partnership attests to the strong trade relationship between Ghana and Germany. He said the automotive sector plays an important role in Ghana’s industrialization agenda and commended government for fronting the ambitious car assembling policy for the industry. He encouraged the government to implement the strategy fully. “When the assembled cars do well, it will establish Ghana as an important hub in the automobile industry for the continent” he said.

Speaking at the event, Managing Director of Access Bank Ghana, Olumide Olatunji noted that transportation is vital to our everyday lives and Access Bank Ghana is offering Ghanaians the opportunity to own brand-new vehicles to meet their transportation needs through the partnership. He added that, VW has made its mark as a respected German brand in the country, with the first international car assembling plant in Ghana, promoting job creation and positively impacting Ghana’s economy. Olumide said the Bank has remained committed to the operation of German businesses in the country.

“Over the past four years, Access Bank has remained committed to serving German businesses through a designated German Desk, which serves as the focal point for German companies seeking to do business in Ghana, as well as local companies who want to enter business relations with German enterprises.

“Access Bank is making significant inroads into the European market with the opening of our office in Paris and we continue to solidify our expansion in the African market. Presently, we operate through more than 700 branches and service outlets in 18 countries, including the UAE, UK. France and three representative offices in China, India and Lebanon. We therefore positioned to be your trusted banking partner”, he noted.

CEO of Universal Motors Subhi Accad said, their partnership with Access Bank and Allianz Insurance marks another significant milestone in their pursuit of excellence. “Vehicle financing has been challenging due to limited inclusion and lack of asset-based options. This collaboration enables us to offer affordable payment plans, making the dream of owning a VW vehicle a reality for many” Mr. Accad said.  He extended his heartfelt gratitude to all the parties for their pivotal role in their journey to success.

CEO of Allianz Insurance Ghana Limited Ababacar Diaw said, Allianz has been the number one insurance brand with presence in 70 countries and serving over 100 million customers. He explained that partnering with Access Bank and VW will help to reach many more customers with their unique insurance products for corporate and individuals, home, motor, personal, marine and more. “We assure customers of their peace of mind when they acquire vehicles under this partnership.”

Access Bank remains committed to its promise of providing more than banking to customers. Over the years, Access Bank has developed a deep understanding of its customers, delivering excellent services and empowering them to achieve more through financial education.


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