Kredobank and Belogvi LLC have signed a leasing agreement for the supply of 60 new Ford dump trucks. The equipment is designed to work at the facilities of Avtomagistral-Pivden , one of the leaders in the field of road construction in Ukraine. The total value of the deal is UAH 173.7 million, of which the bank’s financing is UAH 120 million.
The first batch of 11 dump trucks was delivered in July. Another 20 trucks were solemnly handed over on August 13 in Odessa, the rest of the cars will be delivered by the end of the month. The transport supplier is Avtek, which is an official Ford dealer and a partner of Kredobank.
“Thanks to the” Big Construction “program, Avtomagistral-Pivden has reached record production volumes. We are currently repairing or building roads at 50 sites in 10 regions of the country. The total length of our sections is more than 700 kilometers. Accordingly, the company has significantly increased investment in expanding its fleet. Ford cars are a conscious choice. The fleet of dump trucks used by the company today consists of 90% of Ford cars. We are completely satisfied with this technique, it is the best option in terms of price / quality. That is why we continue to work on Ford trucks, ”said Mykola Tymofeev , General Director of Avtomagistral-Pivden .
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“The supply of 60 dump trucks is one of the largest leasing agreements of Kredobank in 2020. We are happy to work with the leader of the road industry and join the implementation of large-scale and important infrastructure projects. Kredobank is confidently increasing the share of corporate leasing clients – in 2019-2020 it has doubled and now accounts for 42% of all concluded agreements , “said the acting director. Valentina Marchenkova, Director of the Leasing Department of Kredobank JSC .
Kredobank offers financial leasing services for the purchase of agricultural machinery, cars, trucks, buses and other vehicles, construction and special equipment, as well as trailers and semi-trailers. Thanks to successful cooperation with dealers and manufacturers, as well as various partner programs, the bank provides the opportunity to purchase equipment for leasing on favorable terms. The total value of concluded leasing agreements since the beginning of leasing services in 2017 exceeded UAH 2 billion, and as of August 1, the bank’s leasing portfolio amounts to UAH 870 million. According to the Association of Ukrainian Lessors, as of early 2020, Kredobank is in the TOP-4 of lessors in terms of leasing portfolio, in the TOP-5 in terms of new business and occupies 5% of the leasing market in Ukraine.