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Credit Agricole expands business and announces the launch of alternative financing – leasing

08 October 2020

Credit Agricole is expanding its business and announcing the launch of an alternative type of financing for business customers – financial leasing. As part of the service, the bank finances the purchase of assets selected by the customer: cars, minibuses, light trucks, loading and unloading equipment, agricultural machinery, etc.

The main advantage of financial leasing for customers is the ability to use assets right away, without additional collateral, and pay for them in the future. The service includes the cost of registration and insurance of leasing items, and the business chooses a convenient payment schedule.

“I am very pleased to realize that Credit Agricole has expanded the opportunities for customers despite the crisis and turbulence. The launch of financial leasing confirms the flexibility and customer focus of the bank. From now on, our business clients have alternative options for purchasing machinery and equipment: leasing and classic financing instruments. Therefore, each company can choose the most effective solution according to their needs and business model. I am thankful to our teams for another quality service in the bank's portfolio, which helps customers achieve their ambitious goals in the market!” says Larysa Bondarieva, Deputy Chairman of the Board of Credit Agricole Bank.

With the support of the Group, the bank launched the financial leasing service in a short timeframe - less than six months. The launch was held in several stages: in May-June, the bank conducted all coordination procedures with the NBU and the Group, in July-August, the service was road-tested - a pilot project for current customers of the bank was held, and since September, the bank offers this service to all its business clients.

“Autumn is the best time to renew the fleet, so we have set up all the preparatory processes to offer the financial leasing service at this time. Credit Agricole received positive feedback from our customers who used the service as part of the pilot project, we tested the effectiveness of all processes, expanded the partner network by signing agreements with leading companies in the market of equipment and machinery. Currently, we are pleased to offer businesses to appreciate all the benefits and opportunities of leasing from Credit Agricole Bank!” comments Yurii Vasylenko, Head of Leasing division of Credit Agricole Bank.

Under the financial leasing program, Credit Agricole offers financing for a period of 1 to 5 years with an advance payment of 15% of the asset value and the possibility of a flexible payment schedule. Click here for detailed information about the service

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 bancassurance 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 17 000 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:

Viktoriia Torianyk, head of public relations and internal communications at credit Agricole Bank 

Email: Viktoriia.TORIANYK@credit-agricole.ua

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