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Credit Agricole Bank and ALD Automotive have entered into partnership agreement

30 November 2017

Credit Agricole Bank and ALD Automotive have launched a joint partnership lending program for the purchase of second hand lease cars. The official signing of the partnership agreement took place on 3 November 2017.

Within the framework of the partnership, Credit Agricole Bank will lend money to customers interested in purchasing cars from ALD Automotive. Such cars as Audi, Ford, Hyundai, Nissan, Peugeot, Renault, Skoda, Subaru, Toyota, and Volkswagen are available in the market. The bank’s customers will be able to purchase second hand cars at market prices without intermediaries from a reliable European automobile trader.

Roman Bunich, Head of Long & Alternative Channels Development Department of Credit Agricole Bank, commented: “Financing the purchase of second hand cars is a promising market direction. Credit Agricole Bank is the first bank in Ukraine that began to grant loans for the purchase of pre-owned vehicles. We see great interest from our customers, therefore our task is to meet the demand and disseminate information about the bank's possibilities. The partnership with ALD Automotive is another step in the development of our credit services for the purchase of cars. Credit Agricole is a bank for car enthusiasts regardless of whether they are buying a new car or one that has been in use. As a leader in car lending in Ukraine, we strive to develop and adapt our products to meet the needs of all customers. We are also working on simplifying the documentation that is required when filling a loan application because we value the time and comfort of our customers.”

Credit Agricole Bank is a recognized leader in car lending. The bank was the first to launch partnership programs with autoproducers in the Ukrainian market in 2008. During this period, the bank has started cooperation with leading auto importers, such as BMW, Infinity, Lexus, Toyota, Nissan, Peugeot, Citroen, Renault, Mazda and Suzuki. In total, the bank's partnership network encompasses more than 400 automobile dealerships and 16 automotive brands. The ISO 9001:2015 certificate of the quality management system international standard guarantees the transparency of the bank's services, and the auto lending process meets European requirements. Due to fruitful cooperation with partners and constant work on creation of the best conditions for car loans, the bank’s share in this segment is currently the largest in the Ukrainian market, in particular, 50% of PI car loans are issued by Credit Agricole Bank.

The record figures in the area of car loans are confirmation of high position of the bank. In just 10 months of 2017, Credit Agricole Bank granted car loans in the amount of UAH 1 742 billion, surpassing its own record for the same period last year and once again consolidating its status of the undisputed leader in the car lending market.

About ALD Automotive

ALD Automotive Ukraine is a leader and the only unit of ALD International which is specialized in car leasing services with full service coverage and corporate vehicle fleet management. It has more than 250 clients and manages car fleet of over 4500 vehicles.

ALD Automotive occupies 1st place in Europe and 2ond in the world while managing a general fleet of more than 1.4 million vehicles; it has the widest geographic coverage with a direct presence in 43 countries on 5 continents.

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 300 000 active private and 18 000 corporate customers, including international corporations, large Ukrainian companies and representatives of small and medium business.

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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