CNH FINANCIAL SERVICES LAUNCHES PRIVATE LABEL FINANCE PROGRAM WITH DE LAGE LANDEN IN POLAND
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PLOCK, Poland July 6, 2007 - CNH Financial Services, a fully owned subsidiary of CNH Global N.V. and market leader in the agricultural and construction equipment financing business, announced that it has entered into a private label program with De Lage Landen Leasing Polska SA, in order to provide financial solutions for CNH products in Poland.
This new private label program, branded CNH Capital, represents the first collaboration between the two companies and will service the agricultural and construction markets, two areas in which both companies excel.
De Lage Landen's specialist knowledge, partnership philosophy, technology and extensive experience in the leasing sector made them a logical partner for CNH Financial Services in the Polish market.
Under the brand name CNH Capital, the partners will be introducing De Lage Landen's innovative and market-leading mobile-to-web finance tool to the CNH distribution network in Poland, enabling CNH to provide the highest levels of quality and service to its customers.
CNH Global N.V.
Case New Holland (CNH) is a world leader in the agricultural and construction equipment businesses. Supported by more than 11,000 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE:CNH), is a majority-owned subsidiary of Fiat S.p.A. (Milan:FIA.MI).
CNH Financial Services, a subsidiary of CNH Global N.V., offers under the brand name CNH Capital a comprehensive range of services, including wholesale and retail financing, leasing, insurance, asset management, and revolving lines of credit, for the global marketplace. Building on nearly 50 years' experience in the equipment finance industry, CNH FS services a portfolio of more than $13 billion, helping customers through various wholly owned subsidiaries, joint ventures and vendor programs throughout North America, Latin America, Europe and Australia.
De Lage Landen International B.V.
De Lage Landen is a Netherlands based international provider of high-quality asset finance and vendor finance programmes. The global offering also includes an array of commercial finance solutions. With a presence in more than 25 countries throughout Europe, the Americas and Asia Pacific the company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Information Technology, Telecommunications, Financial Institutions, Trucks & Trailers, Public Finance and Materials Handling & Construction Equipment. In its domestic market the company offers Equipment Leasing, Car & Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Factoring through local Rabobanks but also directly to the market.
Since 2006 Athlon Carlease has been part of De Lage Landen Group. Athlon Carlease is an international provider of operational car leasing, active in six European countries. As from January 2007 De Lage Landen serves as competence center for the Rabobank Group for all consumer finance activities on the Dutch market.
De Lage Landen is a wholly owned subsidiary of the Dutch Rabobank Group that is Triple-A rated by Moody's and Standard & Poor's. In 2006 De Lage Landen grew its net profit to €206 million ($259 million) and its lease portfolio to €18.9 billion ($24.9 billion)
For more information, please visit: www.delagelanden.com