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Financing of agricultural machinery and the door to trade with China: ICBC's proposals for the producer at Expoagro 2024

2024-03-08T13:08:22.475Z

Highlights: ICBC Bank (Industrial and Commercial Bank of China) joined the mega exhibition as an international sponsor of Expoagro 2024. The lender's proposal was, as always, to bring financing solutions and business proposals to producers. " China is Argentina's second trading partner and our focus is to connect the Argentine business community with the Chinese business community," ICBC Agribusiness manager Agustín Ibarguren said. ICBC is a Chinese capital bank with a presence in 49 countries and regions and aims to be the global and trusted bank for its clients.


The bank seeks to increase the relationship between Chinese and Argentine businessmen. What other benefits and services does it offer to the agricultural sector.


Brand Studio for ICBC

The field met like every year at

Expoagro 2024

.

and the ICBC Bank (Industrial and Commercial Bank of China)

joined the mega exhibition as an international sponsor of what is already known as the National Capital of Agribusiness.

The lender's proposal was, as always, to bring financing solutions and business proposals to producers.

In times of economic ups and downs and waves that are difficult to surf, the countryside constitutes one of the

fundamental pillars of the Argentine economy

and ICBC knows it.

Therefore,

they offered financing

to producers to obtain agricultural machinery, and the bank anticipated that it will also help to leave the door open to trade with the Asian giant.

Video

In the traditional sample of the countryside, the bank offers financing and credits for the sector

In this sense,

Agustín Ibarguren

, ICBC Agribusiness manager, highlighted the relevance of being present at the event since "it is the most important exhibition in the field", and that being part of it "not only means being present as an international sponsor, "But

we come to meet our clients

, the producers and to attract new clients."

ICBC at Expoagro: financing and credits for the sector

From ICBC, Agustin Ibarguren, manager of Agronegocios, mentioned the successful first day of the Expo, where several agricultural machinery companies came, interested in the credits offered for the campaign through the ICBC Visa Campo Card, and for investments purchase of new machinery and trucks.

ICBC offers financing on machinery and vehicles for work.

The executive said that 2024 brings the news that "there is more financing in dollars" and that the producer "is more eager to take dollars with quite favorable conditions."

"

China is Argentina's second trading partner

and our focus is to connect the Argentine business community with the Chinese business community," he highlighted.

It is worth remembering that during the last editions of the exhibition, meetings between Argentine producers and Chinese businessmen were promoted and there was a permanent and growing number of operations throughout the year.

This is

a path that ICBC Bank seeks to deepen

in 2024 and the following years.

In this sense, Chinese banks are interested in the constant search for opportunities that allow them to play a fundamental role in promoting the development of Argentine agriculture, reaffirming their commitment to the sustainable development of the agroindustrial sector and their role as a

business facilitator between Argentina. and China

.

Aerial view of the ICBC stand at Expoagro.

Ibarguren also announced that a delegation of Chinese businessmen, along with bank officials, arrived in the country to meet with Argentine businessmen.

"We have been doing it for a lot of years and the results are very beneficial. This year

the expectations are super positive

," he concluded.

"The countryside is the engine of Argentina and that is why ICBC decided to be here and play that game. At our stand, the producer met with agricultural officials to offer them the best advice on products and services according to their business," the executive explained.

ICBC numbers in the country

It is a Chinese capital bank with a presence in 49 countries and regions and aims to be the global and trusted bank for its clients.

For 9 consecutive years it held first place both in the ranking of the 1,000 best global banks published by the English magazine “

The Banker

” and in that of the best global commercial banks of “

Fortune 500

”.

In Argentina it has

120 branches

, 877 ATMs and Self-Service Terminals, and 3,584

employees

in 18 provinces and CABA.

It serves one million homes, more than 40,000 SMEs and businesses and nearly 1,800 corporate clients.

ICBC also offers a space for relaxation at Expoagro.

It is one of the market leaders in collateral loans, electronic banking, leasing and foreign trade.

It has more than 4.9 billion dollars in assets and 2.5 billion dollars in deposits, positioning itself among the

top 7 private banks

in Argentina in both rankings.

Source: clarin

All news articles on 2024-03-08

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