Kredobank and CNH Industrial Capital, the business support unit of CNH Industrial NV (NYSE: CNHI / MI: CNHI), have signed a strategic partnership agreement.
The partnership envisages the launch of a vendor sales program in Ukraine, which will allow agricultural and construction companies to purchase equipment from Case IH, New Holland Agriculture and Case Construction on credit and leasing on favorable financial terms. The signing of the agreement was announced at the Autumn Business Forum, which took place on September 24 in Lviv.
The Vendor program aims to finance small, medium and corporate businesses and individual entrepreneurs who want to purchase new agricultural and construction equipment produced by CNH Industrial brands in Ukraine. The program will be implemented directly through the dealer network of CNH Industrial brands in Ukraine, which has 10 sellers of equipment throughout the country.
The program will include the most competitive rates from Kredobank in both hryvnia and foreign currencies (US dollar and euro), as well as simplified procedures and approaches to customer financing. In addition, Ukrainian companies will be offered special promotional offers with reduced rates on specific models of equipment, which will allow Ukrainian businesses to develop and upgrade their fixed assets.
“This is a step forward to support our brands in Ukraine, which also provides an opportunity to offer customers solutions for credit and leasing financing. Of course, Kredobank is a very active, widespread and well-known financial institution, and now, with such support in the development and organization of promotions, we will have a successful partnership in better customer service in Ukraine, as well as sell more and more agricultural and construction equipment brands. Case IH , New Holland Agriculture and Case Construction , ”says CNH Industrial Capital’s Head of Financial Institutions. Renzo Gavarrino.
“Signing an agreement with CNH International not only opens new business horizons for Kredobank, but also creates an opportunity for Ukrainian companies to quickly and at the most favorable rates to purchase on credit or leasing quality agricultural and construction equipment of well-known world brands. We hope that thanks to the new special offer, CNH International brand equipment will become more accessible to a growing number of Ukrainian companies, ” said the acting director. Valentina Marchenkova, Director of the Leasing Department of Kredobank JSC.