Credit Agricole offers FX-denominated finance lease

Credit Agricole is expanding the finance lease service and is now offering businesses the option of finance lease in EUR and USD with payment at the official NBU rate as of the payment date. This service can interest customers with revenue in foreign currency, namely agribusiness, that export their produce abroad. Such financing terms can be beneficial for legal entities that need to purchase passenger cars, vans, trucks, farming equipment, specialized equipment, loaders, etc. Credit Agricole offers leasing programs in partnership with leading manufacturers and distributors: John Deere, Fendt, Wielton, MAN, Massey Ferguson, Lemken and others.

“Credit Agricole broadens opportunities for customers. Launch of finance lease in foreign currencies showcases the bank as flexible and client-oriented, and now our business customers have alternative ways to finance machinery and equipment. Thanks to the solidity and comprehensive expertise of the bank and the Group, we are pleased to offer you support on the daily, help design plans and develop projects even in the times of uncertainty”, - shares Alexandre Tchesnakoff, Board Member of Credit Agricole Bank, responsible for Corporate, Agro, SME, Finance Markets and Leasing.

According to the terms of the program, the leasing term is up to 60 months, the down payment starts at 20%, the minimum financing amount is 15 thousand euros in hryvnia equivalent.

“Implementation of EUR and USD-denominated finance lease enables customers to harmonize cash flow in accordance with revenue currency. This product entails numerous benefits for customers. The rate remains fixed throughout the validity term of the agreement (Libor and Euribor are not applied). We use the NBU exchange rate to calculate each subsequent lease payment on the payment date. We recalculate lease payments as UAH exchange rate to the financing currency goes up or down. We offer repayment options that match the customer’s production cycle the best: classic, annuity or personalized. This financing type is an amazing opportunity for our international customers to update their vehicle fleets. Granted, in addition to FX-denominated lease, we also offer finance lease in UAH”, - specified Yurii Vasylenko, Head of Leasing at Credit Agricole Bank.

In Ukraine, Credit Agricole has been a strategic partner for the agrarian companies for over 15 years and the best bank for agribusiness according to the business journal “TOP 100. Ratings of the Biggest” and Delo.ua publication in 2024. The Bank launched the leasing service in 2020 and has been growing it since. Crédit Agricole Leasing & Factoring is a key player in leasing (equipment and real estate) and financing of renewable energy in Europe.