Following the results of three quarters of 2020, the leasing portfolio of Kredobank increased by almost 50% compared to the same period last year and exceeded UAH 1 billion. According to the Ukrainian Association of Lessors, during this period the bank took second place in terms of activity in the banking leasing market, accumulating 19% of the total value of transactions of all banks.
For three quarters of 2020, Kredobank leased equipment and vehicles for a total of UAH 865 million. In total, more than 400 units of equipment were leased.
“Despite the difficult business conditions in 2020, Kredobank has not stopped a single day and continues to actively finance customers. As a result – for 3 quarters in the direction of leasing, we have already reached last year’s figures. Leasing from Kredobank can be used by entrepreneurs and small and medium-sized businesses, but this year the bank is increasing the portfolio of corporate clients from the agricultural sector, as well as transport and construction, including road construction and repair , ” said Acting. 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 on lease on favorable terms. The total value of concluded leasing agreements since the beginning of leasing services in 2017 exceeded UAH 2 billion. According to the Ukrainian Association of Lessors, as of early October 2020, Kredobank is in the TOP-5 lessors in terms of leasing portfolio, in the TOP-4 in terms of new business and occupies 5% of the leasing market in Ukraine.
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