Al Yousuf GreenTech and Union National Bank to offer ‘Green Loans’


May 13, 2014 | By RetailME Bureau

Al Yousuf GreenTech (AGT), a subsidiary of UAE-based conglomerate Al Yousuf Group providing energy-saving electrical solutions, has partnered with the Union National Bank (UNB) and LG Electronics to launch the first-of-its-kind loan service, titled Green L oan, in 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.

“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. 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,” says Eqbal Al Yousuf, president of Al Yousuf Group.

AGT provides end-to-end building and home automation solutions, from designing and installation to after-sale service, using 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.

“Union National Bank 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,” says Mohammed Zein, SVP & head of corporate business group, UNB.

“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,” adds DY Kim, president of LG Electronics Gulf FZE.

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