Ardshininvestbank has financed the import of first set of agricultural equipment manufactured by John Deere – the world’s leading manufacturer of agricultural and road construction equipment.

The financing has been provided by issuance of documentary letter of credit which has been post-financed for 5 years by German Landesbank Baden-Wurttemberg (LBBW) against German export insurance agency Euler Hermes Deutschland AG coverage, bank informs.

The agricultural equipment’s delivery will be finished by Spring, 2013, and the entire financing will be equal to approximately €1.4 mln.
 
The importing agricultural equipment has high productivity parameters and is transferred on long-term leasing conditions to Bank’s existing and potential clients - effectively developing agricultural companies.

During the project realization the bank has strongly collaborated with “CARD Agroservice” CJSC – John Deere’s official representative in Armenia.

John Deere has been named a Thomson Reuters 2012 top 100 Global Innovator.