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Kienlongbank - Yanmar: cooperating to deploy financial solutions to finance agents and customers for buying agricultural machines

On August 6, 2020, in Ho Chi Minh City, Kien Long Commercial Joint Stock Bank (Kienlongbank) and Yanmar Vietnam Agricultural Machinery Company Limited (Yanmar) signed a cooperation agreement to provide financial solutions for customer, support policy package, strategic cooperation programs through Yanmar’s official agent system and Kienlongbank's branches and transaction offices nationwide.

Kienlongbank, with 25 years of stable operation and development as a leading retail bank in Vietnam, has 134 branches and transaction offices stretching from North to South, especially the key markets in the provinces in Mekong Delta. Kienlongbank always keeps following the trend of market development, diversifies banking and financial products and services, expands transaction channels, improves service quality and brings value to customers. In particular, Kienlongbank has the strength on providing financial solutions in the agricultural field to meet most of the demand of rural customers, with the ratio of agricultural and rural loans always achieve as high proportion of the total outstanding loans of the bank. Kienlongbank has been being the first choice of Vietnamese farmers for the past 25 years.


Ms. Tran Tuan Anh - Member of the Board of Directors cum General Director of Kienlongbank spoke at the signing ceremony

Yanmar is a prestigious brand from Japan, having over 100 years of establishment and development, invention of the small engine line specializing in agricultural production. Although Yanmar has just operated in the Vietnamese market for more than 5 years, Yanmar Vietnam has succeeded on receiving the trust and strong support of Vietnamese farmers in bringing products with modern technology, high quality engines according to Japanese standards such as reaper, tractors, rice transplanters,... are developed in accordance with the climatic conditions and topography of Vietnamese fields.


Mr. Takeshi Ando - General Director of Yanmar Vietnam Company shared at the signing ceremony of cooperation

With the demand of customers who need capital for investment in equipment and machinery for agricultural and rural development, Kienlongbank has realized the similar solutions in Yanmar's business policies consisting with the Bank. Kienlongbank and Yanmar Vietnam officially implement a 3-year cooperation agreement, providing convenient financial solutions with many incentives, support policy packages, and strategic cooperation programs through official agent system of Yanmar Vietnam and nationwide branches and transaction offices of Kienlongbank.


Leaders of Kienlongbank and Yanmar Vietnam Company performed the cooperation signing ceremony


Leaders of Kienlongbank and Yanmar Vietnam Company performed the cooperation signing ceremony

Kienlongbank and Yanmar Vietnam will sponsor agents and customers to buy Yanmar agricultural machinery with many attractive incentives. Specifically, customers will be preferentially given a fixed interest rate of 10%/year by Kienlongbank for a maximum of 2 years from the disbursement date, the credit extension period is up to 60 months, and Yanmar supports to pay interest payments for customers and purchases second-hand machines at high prices according to Yanmar's policy. In case customers are agents of Yanmar, they will receive a discount of up to 1%/year in interest rates compared to the current interest rate schedule, credit extension period is up to 12 months; 30% discount on guarantee fee, 30% off VND transaction fee at Kienlongbank transaction counters. 


Leaders of Kienlongbank and Yanmar Vietnam Company presented flowers to congratulate the successful signing of the cooperation between the two sides


Mr. Takeshi Ando - General Director of Yanmar Vietnam Company sends souvenirs gift to Kienlongbank

The cooperation agreement between Kienlongbank and Yanmar Vietnam will diversify access channels to financial solutions for customers. This is also a positive solution of Kienlongbank contributing to realize the Government's policy on agricultural and rural industrialization and modernization, focusing on the development of agricultural mechanization; continues to affirm Kienlongbank's strong role in the agricultural and rural credit market, positively contributing to the development of the country's economy.


Representative of Kienlongbank leaders gave souvenirs to Yanmar Vietnam Company

Customers can see more information at www.kienlongbank.com or call Hotline 19006929   

* Details of the program can be found here.  

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