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UniCredit introduced preferential agricultural technology funding at the TechAgro Trade Fair

TechAgro, the largest agricultural fair in Central Europe took place in Brno from 3 to 7 April and UniCredit Bank and UniCredit Leasing, the traditional partners of Czech agriculturists, must had not miss it. At their stand in the A1 pavilion, they introduced the visitors to a broad range of preferential financial products and services tailor made to the agricultural needs as well as counselling regarding the subsidy programs. UniCredit Leasing prepared a special funding offer for its clients, with 2.99% p.a. rate and first insurance free of charge. According to the UniCredit Bank estimates, Czech agriculturists usually buy technology up to the value of 7 billion Crowns per year, with most of it being financed through credit or leasing.

"At the time, what the agricultural clients demand mostly are loans for purchasing agricultural land, the price of which is constantly growing. We also register great interest in investment loans aimed at reconstructing the agricultural objects, especially connected with subsidies from the Rural Development Program. With the support of European Investment Bank, agricultural clients are offered loans at preferential rates since we consider the modernization and increase of added value as the key condition for maintaining the sector's competitive strength. In case of crop failure or price decrease, we support our clients by simple short-term operating loans without establishing lien on the property. We are happy to introduce details tailor-made to the needs of individual clients at our stand," says Martin Potůček, Specialist for Agriculture, Renewable and Public financing of UniCredit Bank. In addition to favourable funding, UniCredit Bank also provides its clients with counselling regarding efficient utilisation of the subsidy programs.  

Thanks to cooperation with a majority of significant producers and importers, UniCredit Bank and UniCredit Leasing also enable favourable purchase of agricultural technology. They arrive at the TechAgro trade fair with an interesting funding offer with interest 2.99 % p.a. and down payment from 0 %. Moreover, they will help to process the request for subsidy from the Support and Guarantee Agricultural and Forestry Fund (PGRLF) and also add insurance for the first year free of charge. What is more, the loan may be repaid for as long as 84 months.  

However, UniCredit Bank together with UniCredit Leasing will help to finance any purchase, whether through loan, operative, or financial leasing. "Our most popular financial product in this segment is the flexible CreditAgro loan, the repayment of which can be adjusted to seasonal incomes, VAT deductions and drawdown of subsidies. This funding type is used by a majority of Czech agriculturists in all regions," explains Skalický, manager of non-automotive UniCredit Leasing. An interesting variant is also the Operative Agro leasing with increased residual cost, significantly growing last year.  

UniCredit Bank and UniCredit Leasing belong among the leaders on the agricultural funding market. UniCredit Bank provided loans worth of 3 billion Crowns to the agricultural sector in the Czech Republic, with additional 5 billion Crowns being granted in the related food-processing and agricultural technology sectors. Thus, according to the leasing companies association, UniCredit Leasing moved to number three in the field of agricultural technology funding in the Czech Republic. UniCredit has been also supporting Czech agriculture by its contacts and know-how. For example, last year the Company helped them to get to the largest European fair of fruit and vegetables, Macfrut, taking place in Italian Rimini, also being the partner of the Agrarian Chamber and Czech Potato Association.