Agri and construction equipment firm CNH Global and Rabobank subsidiary De Lage Landen have moved their relationship into Russia to provide a financing programme for equipment purchases.

The programme will begin in early 2012 and will provide funds for Russian companies to purchase CNH-equipment from each of the group’s four brands; New Holland Agriculture, New Holland Construction, Case IH and Case Construction Equipment.

“With this agreement we will be providing good financing options to our Russian customers to purchase our construction machinery,” a CNH Global spokesperson tells GTR.

The spokesperson continues: “There is not a set maximum or minimum amount of money [that can be borrowed under the programme.] Each case will be evaluated step by step.”

CNH and De Lage Landen first partnered in Poland in 2007 and moved into the Russian market as a pair in 2010 to establish a vendor lease programme.

The new financing scheme replaces the 2010 vendor programme.

“I am very pleased to see this relationship expanding further into the Central and Eastern Europe region,” says Frans Janssen, senior vice-president CEE region at De Lage Landen.

“CNH is a key partner and we expect continued success in the Russian market. While the vendor lease model is unique in Russia, the completion of this agreement proves that our efforts are working and vendors are seeing the benefit that partnership financing can bring to their sales.”