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Credit Agricole Bank wins “Financial Oscar” in the nomination “Best product for agrarians”

04 November 2016

Credit Agricole Bank became the winner of the “Financial Oscar” rating by “Business” magazine in the nomination «Best product for agrarians». On top of that, thanks to good results in the sphere of business support and financing of entrepreneurs, Credit Agricole Bank was recognized as one of the leaders in the nomination “SME Backbone”. «Financial Oscars» by “Business” magazine once again attested to the sustaining power, reliability, and professionalism of the Bank, and, in particular, its pre-eminent expertise in the agrarian field.

«Lending to growing national agro-sector is among top priorities for nearly all Ukrainian banks. However, only few market players managed to achieve success in this segment. Credit Agricole Bank, whose parent company in France has been involved in cooperation with agrarians for hundreds of years, is a good example of such success», - the sponsor of “Financial Oscar 2016” commented on the Bank’s victory.

Credit Agricole is the bank that supports the development of agrarian business strategically. «Today, agricultural sector is the key driver of Ukrainian economy. However, 7 years back the situation was totally different. At the time, Credit Agricole was among the first banks to believe in the future of agro-segment in Ukraine, and began to support and develop it. Over all these years, we have been a reliable “shoulder” for farmers, proving our reputation of a sustainable financial partner for agribusiness. As the bank that supports the development of agrarian sector strategically, we strive for bringing innovation in Ukraine. We do hope that the practice of agro-insurance that is traditional in other countries, will promote an increase in the volume of financing, which, in its turn, will significantly expand business opportunities for Ukrainian agricultural producers», - Larysa Bondarieva, Board member of Credit Agricole Bank commented.
It is worth mentioning, that over 3000 customers of agro-sector put trust in Credit Agricole Bank. The majority of them have been served by the bank for years. Agro share accounts for 50% of corporate banking and SME loan portfolio.

Credit Agricole Bank managed to achieve such substantive result and a steadfast stance by virtue of its weighted comprehensive approach to cooperation with agricultural sector.

«We offer a combination of agro and financial expertise to our clients. Our agro team stays in close contact to our farmers, studies the situation in the field, prepares analytical reports and market reviews, holds educational trainings on agro-expeditions», - Nataliya Porvina, head of Agro Business Support Department of Credit Agricole Bank, said.

Key factor of customer satisfaction is a fast response to their requirements and high-quality services. In order to achieve that, Credit Agricole Bank actively develops new products, introduces innovative offers and tools for agro-clients.

The Bank is committed to introduce global trends in Ukrainian agro-financing market, and permanently develops this direction. In early autumn 2016, Credit Agricole Bank together with IFC, Syngenta and IC “AXA Insurance” developed and presented an innovative product “We care about your harvest”. This program that is aimed at changing the philosophy of agribusiness from the insurance standpoint is another significant step towards the development of agribusiness in Ukraine.

About Credit Agricole:

PJSC «CREDIT AGRICOLE BANK» is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of bank insurance and third - in project financing in Europe. Credit Agricole has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including VIP clients, and business. The Bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 460 000 private and 26 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations.

Contacts:

Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank.
Phone: +38 044 581 07 45, e-mail: Viktoriia.Torianyk@credit-agricole.ua
 

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