Co-operative Bank in deal with ASL to provide building materials

Mr Chris Chege of Co-op Bank (left), with ASL boss Bharat Patel. PHOTO |

What you need to know:

  • The deal between ASL Ltd and Co-op’s mortgage arm will grant customers access to construction materials.
  • The two partners are setting their eyes on the country’s lucrative real estate market and are keen on locking developers who are within reach.

Co-operative Bank has entered a deal with a construction materials firm with the aim of offering customers easy access to building materials on credit.

The deal between ASL Ltd, formerly Associated Steel Ltd, and the lender’s mortgage arm will grant customers access to construction materials at negotiated prices.

The two partners are setting their eyes on the country’s lucrative real estate market and are keen on locking developers who are within reach.

“As the building industry continues to expand, we have discovered that developers are spending more and more time focusing on material sourcing and supply, rather than project management and timely delivery,” Co-op Bank head of mortgage Chris Chege said.

ASL Trading, said Mr Chege, will be able to offer a total solution to builders, architects and contractors that delivers on variety, quality, price and reliability.

ASL Ltd, on its part, is banking on its comprehensive range of products to provide customers with a wide variety.

It has operations in all major towns of the country.

“We offer a full building solution under one roof, allowing customers to save time and money by sourcing from one location — one delivery, one account, one partner,” said director Bharat Patel.