Eurasian Bank concluded exclusive agreement on trading lending with Leroy Merlin Kazakhstan
Almaty, August 7, 2018, Press Release Eurasian Bank (the Bank) signed an exclusive partnership agreement with Leroy Merlin Kazakhstan. The customers of the construction hypermarket, which opened in Almaty, can purchase everything required for repairing and equipping the house, dacha and garden “under one roof” on credit or in installments from Eurasian Bank. Registration of bank documents requires no more than 30 minutes and takes place in the shopping center, located on the Tashkent highway in the southern capital.
“We are pleased to welcome the appearance in our market of Leroy Merlin, a famous international player-retailer. Kazakhstanis are getting more and more opportunities for access to quality goods. We regard the conclusion of the exclusive agreement with Leroy Merlin as recognition of the leading positions of Eurasian Bank in POS-lending – the Bank has a rich experience of cooperation with all leading trade networks of Kazakhstan, last year we significantly improved our financial result in trade lending due to flexible policies, optimization processes and presence expansion”, says Pavel Loginov, Chief Executive Officer of Eurasian Bank.
Leroy Merlin, an international player in retail, is represented by 325 stores around the world, Kazakhstan is the 13th country of presence. The Leroy Merlin company ranks 1st in Europe and 3rd in the world in terms of sales among retail companies in the DIY market (do-it-yourself). Leroy Merlin is a set of 16 own trademarks.
“Leroy Merlin helps people around the world improve homes and enhance quality of life. The assortment of the shopping center in Almaty, with an area of 10,500 square meters, has more than 30,000 items for constructing, decorating and fitting a house, dacha and garden. The prices are at least 5% lower than those of competitors”, says Karen Nersesyan, Director of Leroy Merlin Almaty store.
Eurasian Bank is a Kazakhstan commercial bank, the traditional leader in POS-crediting, cooperates with the leading trade networks in Kazakhstan – Technodom, Sulpak, Fora, Dream and many others. In 2017, the volume of loans issued by the Bank through POS-lending amounted to 64 billion tenge.
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