BNP Paribas Leasing Solutions and Kubota Group sign a master european agreement
On July 15th, BNP Paribas Leasing Solutions and Kubota have signed a Master European Agreement, which gave birth to the “Kubota Finance” label in Europe.
Kubota, a leading Japanese manufacturer in the farm machinery and construction machinery sectors, has chosen BNP Paribas Leasing Solutions to sign an agreement which aims to support sales financing to dealers and end-users in Europe.
Under the terms of the agreement, BNP Paribas Leasing Solutions is granted the right to use the newly created “Kubota Finance” label in agreed territories, which represents a significant potential of new business volume for BNP Paribas Leasing Solutions and a powerful lever for Kubota to develop its equipment sales.
During a first phase of the agreement, the scope of the Kubota Finance label is covering 5 countries: France, Italy, Germany, Spain and the United Kingdom.
This partnership will contribute to accelerate Kubota sales by offering adapted and competitive financing packages, especially in the tractor area, where Kubota intends to significantly grow its market share. In particular, taking advantage of the new label, Kubota will be able to enlarge its range of products with high horse power tractors and therefore achieve its ambitions in this very competitive sector.
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