Extension of the partnership between BNP Paribas Lease Group and Case New Holland (CNH) in Belgium and the Netherlands
06.04.2010 | Group, Press release
BNP Paribas Lease Group, European leader in the B2B equipment finance business, and CNH, a global leading manufacturer in the agricultural and construction equipment businesses have extended their partnership agreement to Belgium and the Netherlands. The successful results of the current cooperation between both groups through their Joint Venture - CNH Capital Europe (€675 million of originations in 2009; €1.2 billion of outstanding) - and the expertise of BNP Paribas Lease Group in the Belgian and Dutch markets have motivated this choice.
The start of the activity of CNH Capital Europe in Belgium and in the Netherlands has already resulted in hundreds of financing and leasing applications since the beginning of this year, thus demonstrating the attractiveness of the offering implemented together with the manufacturer.
"CNH is a historical partner for BNP Paribas Lease Group ", says Jean Olivié who leads the Equipment&Logistics Solutions International Business Line within BNP Paribas Lease Group. The extension of this partnership will enable us to apply in Belgium and the Netherlands a model which has already proved its success. CNH Capital Europe will support CNH commercial teams through the sales development of CNH branded equipment such as Case IH, Case Construction Equipment, New Holland Agriculture and New Holland Construction. The significant presence of BNP Paribas Lease Group in the Belgian and Dutch markets also represents an asset in the business development of CNH in these countries.
"Our partnership with BNP Paribas Lease Group has existed for 13 years, demonstrating the solid relationship that exists between our two groups ", says Daniel McTaggart, Vice - President Europe of CNH Capital. "The extension of the CNH Capital Europe Joint Venture scope in Belgium and the Netherlands will enhance the competitiveness of our commercial offering and contribute to the growth of our equipment's sales. ".
CNH Capital Europe is now active in 7 countries: Germany, Austria, Belgium, France, Italy, Netherlands and the United Kingdom.
About CNH Global N.V
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by more than 11,600 dealers in approximately 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE:CNH), is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.
BNP Paribas Lease Group, far more than financing…
BNP Paribas Lease Group is the BNP Paribas subsidiary specialised in leasing and rental solutions for professional equipment and in real estate assets, offered either directly to businesses and professionals or through its partners – manufacturers, distributors and software vendors.
With more than €33 billion of outstandings under management and 3,300 employees located worldwide, BNP Paribas Lease Group is the European leader in leasing and is today the only financial institution with such a wide-ranging offer, extending from simple leasing arrangements to long term rental solutions and IT asset management contracts.
BNP Paribas Lease Group operates in 22 countries: directly in Austria, Belgium, China, France, Germany, Hungary, India (Financial Company with SREI), Italy, Luxemburg, Netherlands, Poland, Portugal, Romania, Spain, Switzerland, Turkey, United Kingdom, Ukraine ; through BNP Paribas Group entities in Algeria (El Djazaïr), Morocco (BMCI Leasing), Tunisia (UBCI Leasing), Turkey (TEB Leasing) and USA (Trinity Vendor Finance).
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