KUALA LUMPUR: UOB Malaysia has announced a tie-up with Petronas Dagangan Bhd and its unit, PETRONAS Lubricants Marketing (Malaysia) Sdn Bhd to provide end-to-end financing to more than 1,000 dealers and distributors.

In a statement, the bank said the UOB Dealer and Distributor Financing Programme offers working capital and capital expenditure financing, as well as bank guarantees and cash management solutions to expand their dealership and retail outlet operations nationwide.

“Through UOB’s innovative and comprehensive solutions, we have the capabilities to support the financial needs of PETRONAS Dagangan and PETRONAS Lubricants Marketing (Malaysia)’s entire value chain.

“We are steadfast in opening new opportunities and connecting companies to grow within and across the region,” said UOB Malaysia managing director and country head of wholesale banking Andy Cheah.

In addition, UOB said PETRONAS Dagangan and PETRONAS Lubricants’ dealers and distributors under this programme will benefit from UOB Malaysia’s financial supply chain management (FSCM) and suite of ecosystem-based solutions

Through UOB Malaysia’s cash management capabilities and its digital banking platform, UOB Infinity, PETRONAS Dagangan and PETRONAS Lubricants Marketing (Malaysia)’s dealers and distributors will also be equipped with end-to-end visibility and automation of their entire financial supply chain.