Credit Agricole Bank launched cooperation with Porsche Finance Group Ukraine

Credit Agricole Bank signed cooperation agreement with Porsche Finance Group Ukraine. From now on, the customers of the bank can get loans for purchase of Volkswagen, Audi and SEAT cars on beneficial lending terms.

“Cooperation with Porsche Finance Group Ukraine opens new prospects in car lending market since our partnership is aimed at creation of the product for the most demanding customers. Porsche Finance Group Ukraine has its own model of car finance which is slightly different from the banking one. I am convinced that cooperation with Porsche Finance Group Ukraine is able not only to enhance the parties’ positions in the market but also to improve car lending processes”, Roman Bunich, Head of Long and Alternative Channels Development Department of Credit Agricole Bank, comments.

Porsche Finance Group Ukraine has many years of experience in finance, insurance brokerage and car fleet management for Volkswagen, Audi, SEAT, Porsche and MAN brands. Over 11 years of operation in Ukraine, the company financed more than 25,000 vehicles.

Thanks to further cooperation, both partners will get a unique opportunity of experience exchange, optimization and simplification of lending process for customers.

Credit Agricole Bank is one of the Ukrainian market leaders in car lending. It has been three years in a row that the bank issues over UAH 2 billion of finance for car purchase. Each year, this benchmark is reached earlier than in the prior year, which evidences high confidence of customers and beneficial terms of cooperation with the bank.

In 2008, Credit Agricole was one of the first banks in the Ukrainian market that started active development of retail car lending. Over the recent years, the bank has been keeping leading positions in this business having almost 40% share of the Ukrainian market. The success of the bank is confirmed by numerous awards in “Car Loan” nominations of public ratings as well as partnership with more than 400 car dealers and leading car manufacturers. Credit Agricole is the only Ukrainian bank that holds the international quality certificate in car lending ISO 9001.

About Porsche Finance Group Ukraine

Porsche Finance Group Ukraine is represented in Ukraine with companies “Porsche Leasing Ukraine”, “Porsche Mobility” and “Porsche Insurance Agency” since 2008. PFG Ukraine belongs to the Austrian “Porsche Bank” that, in its turn, belongs to “Porsche Holding” (Volkswagen concern).

“Porsche Holding” is the largest private trading company in Austria and one of the most successful vehicle enterprises of Europe. It has its representation offices in 28 countries of Europe, South America and Asia.

Porsche Finance Group Ukraine provides services of financial and operational leasing and  Volkswagen, Audi, SEAT, Porsche and MAN vehicle lending both for legal entities and private individuals. Moreover, Porsche Finance Group Ukraine offers car fleet management services to corporate clients and is an insurance broker for buyers of the above vehicles.

About Credit Agricole:

JSC «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 ban 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 premium-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 280 000 active private and 18 000 corporate customers, including international corporations, large Ukrainian companies and representatives of small and medium business. Credit Agricole Bank is a socially responsible bank that confirms its status by the large number of projects implemented under the Corporate Social Responsibility program «We Care!».

Contacts:

PR and corporate communications division of Credit Agricole Bank.

E-mail: Communications@credit-agricole.ua