ACBA-Leasing, Zeppelin Armenia and  Caterpillar Financial to sign  tripartite memorandum 

ArmInfo.Companies  of ACBA-Leasing, Zeppelin Armenia and Caterpillar Financial will sign a tripartite memorandum on cooperation, assuming more profitable conditions of purchasing the CAT equipment through the ACBA leasing company. According the information shared with ArmInfo by the press office of  the company, the parties will present the conditions of funding  in the nearest future.

 Considering the development of this sector due to the cooperation between ACBA-Leasing and Zepelin Armenia, the funding by Caterpillar Financial will be implemented within lower interest rates than it used to be done before. 

The long and successful cooperation between ACBA Leasing and Zeppelin  Armenia, official distributor of Caterpillar in Armenia, played an  essential role in  Armenian  companies development in different  sectors.  Now, when the interest rates are decreased, the clients  will be able not only to increase the production volumes, but also to  reduce expenses. 

According to the ranking of credit companies of Armenia as of October  1, 2o16, prepared by ArmInfo, ACBA leasing assets formed  AMD 13.6  bln (USD 28,6 mln), with the total capital of AMD 12,4 bln (USD 26  mln). Three quarters of 2016 were completed by ACBA Leasing with net  profit of AMD 158,6 mln ( USD 2,5 mlnwith year over year  growth in  thrice). The main shareholders  of ACBA Leasing are the ACBA Credit  Agricole Bank with 54% capital share and ‘redit Agricole Leasing &  Factoring - 38% share.  To remind, Caterpillar Financial is a  financial subsidiary of Caterpillar Inc., which held a 19th position  in Forbes 50 list of most admired companies in the world. Caterpillar  Inc. is a technology leader and the world's largest manufacturer of  construction and mining equipment, natural gas and diesel engines,  and industrial gas turbines. 

 Cat Financial was founded more than 30 years ago with the  headquarters in Nashville (Tennessee). Cat Financial has been  providing financial service excellence to Cat customers. We offer a  wide range of financing alternatives to customers and Cat dealers for  Cat machines and engines, Solar(r) gas turbines and other equipment  and marine vessels. 

 Later a geographical expansion into CIS countries took place. In  2002, Caterpillar Financial OOO was founded in Moscow, Russia and in  2008 TOV Caterpillar Financial Ukraine was founded in Kiev, Ukraine.   The Zeppelin Group, which operates at 190 locations worldwide with  around 7,500 employees, generated sales of EUR 2.55 billion in the  2012 financial year. It is organized into five Strategic Business  Units:  Construction Equipment EU and Construction Equipment CIS  (sales and servicing of construction and agricultural machinery in  Europe and the CIS countries), Rental (rental and leasing of  construction machines and equipment), Power Systems (drive and energy  solutions), and Plant Engineering (plants and systems for bulk goods  and liquids). ZEPPELIN GmbH is the Group's holding company, with its  legal seat in Friedrichshafen, Germany, and headquarters in Garching  near Munich.

SBU Construction Equipment CIS is a leading provider in seven CIS  countries (Armenia, Belarus, Russia (Northwest, Center, Southwest  Russia), Tajikistan, Turkmenistan, Ukraine, Uzbekistan) for system  solutions all around sales and service of machines and equipment for  customers of business fields such as:  construction, road  construction, paving, mining & quarry, oil & gas industry, agro and  forestry.