Credit Agricole clients get 10% cashback on machinery leasing

Credit Agricole clients get 10% cashback of the amount of leased machinery finance thanks to joint program of the EU and EBRD «Credit Line EU4Business-EBRD» which the bank joined more than 6 months ago. Thus, a customer of the bank, an enterprise “Liubaretske” used a favorable financial proposal and got a John Deerе tractor and harvester on lease. The enterprise grows grain and oil crops: wheat, corn and soy. The customer received fully equipped and ready to use machinery in the autumn, during the harvesting period, hence, could benefit from the machinery in the field and invest the received cashback.  

“The most important in agribusiness are people, their expertise, and, of course, the machinery. Our fleet contains more than 80 units. Modern machinery ensures uninterrupted agrarian cycle, improves performance and, ultimately, impacts out profit. Therefore, we try to renew our machinery every 3 years. A cashback on lease service became a nice surprise for us. We have already invested the received funds into our business”, Oleksandr Safonov, CEO of LLC “Liubaretske”, tells.  

Credit Agricole Bank issued more than UAH 330 million of machinery leasing finance as part of the program «Credit Line EU4Business-EBRD» over the first six months of its usage by the bank.

“Thanks to the EBRD program, representatives of small and medium business, mainly from the agrarian sector, massively applied for leasing to the bank. We designed a simple procedure to get a cashback: when a customer gets machinery on lease and we see that the parameters of the deal comply with the conditions of the agreement with the EBRD, we submit a special form for consideration of a dedicated consultant. As a rule, a positive decision is made since we study all the required information on the customer very carefully. Normally we receive the funds within three months, and we transfer them to the customer. As a result, business feels no additional workload associated with deal formalization”, Yurii Vasylenko, Heas of Leasing Division of Credit Agricole Bank, tells. 

Credit Agricole has been a reliable partner to the enterprise “Liubarentske” for 14 years now. It covers all needs of the business during the agrarian cycle. The CEO of the company tells that he is used to lending and cannot imagine any other way of business development.

“Since the very beginning, since 2003, we have developed our enterprise using borrowed funds. We have a long history of partnership with Credit Agricole, and we are satisfied with our cooperation with the bank: with the expertise of its employees and reliable relations”, Oleksandr Safonov tells.  

You can learn more about the program «Credit Line EU4Business-EBRD» here. You can also get a consultancy on participation from your Credit Agricole manager or contact center of the bank by phone: 0 800 30 0004.

Credit Agricole lets the machinery of the following leading manufacturers and their official dealers: John Deere, Claas, Berthoud, «МАN Truck and Bus Ukraine». It also offers the machinery by “Poletechnika” (agro sector) and Winner (cars and commercial vehicles).

About Credit Agricole: 

JSC “Credit Agricole Bank” is a modern universal bank provides the entire range of banking services, is the leader in car lending, and strategic partner to agribusiness. The bank belongs to the international Credit Agricole Group (France), the European leader in bancassurance and asset management, and the bank No 1 according to Euromoney. Reliability and business reputation of Credit Agricole Ukraine is confirmed by the leading positions in the ratings of bank resilience, reliability of bank deposits, and the most profitable banks, as well as by 264,000 active private customers and more than 31,000 business customers, including 1,160 multinational and large corporations, 1,580 medium-sized corporate clients and more than 28,480 SMEs and entrepreneurs. According to the NBU, the bank is among the TOP-10 in the market by the amount of assets.

Credit Agricole is also a socially responsible bank. Since 2016 the bank has been running a wide-scale Corporate Social Responsibility program «We Care!», which includes 4 major areas such as charity, eco initiatives, volunteering and caring about employees. . 

Contacts:

Viktoriia Torianyk, Head of the brand and communications department of Credit Agricole Bank.

E-mail: Viktoriia.TORIANYK@credit-agricole.ua