As part of the investment program, Lemtrans increases the rolling stock fleet by 110 new gondolas of produced in Ukraine. The cars are purchased under a financial leasing agreement concluded with PrivatBank, CB JSC for a period of 5 years. The total amount of the transaction is morethan 130 million UAH.

“We are pleased to conclude an agreement with PrivatBank, JSC. This project will help the company in solving the problems of increasing the efficiency of its rolling stock and meeting the needs of our customers, with whom SLA contracts have been concluded, - says Vladimir Mezentsev, CEO of Lemtrans. “We always consider options for purchasing cars solely on the basis of an analysis of the current market situation.”

In general, in 2018, the company increased its rolling stock by 327 cars.

“In November 2018, the bank concluded a deal on allocating funds for the purchase of 110 new freight gondolas for Ukraine’s largest private transport and forwarding company, Lemtrans,” said Eduard Mizin, Director of the Eastern Regional Department of PrivatBank. - "PrivatBank offers credit programs for both small businesses and such large Ukrainian companies as Lemtrans, LLC. Since the beginning of 2018, business of the Eastern Region has been granted loans totaling for more than 580 million UAH”.

Reference:

Lemtrans, LLC is the largest private railway operator in Ukraine. The main activities of the company are:

organization of transportation using its own rolling stock, freight forwarding services, information support on the movement of goods, as well as repair of rolling stock. 100% of the share capital of Lemtrans belong by the SCM Group.

CB PrivatBank, JSC is the largest Ukrainian bank and leader of the retail banking market, serves more than 15 million individual and 375 thousand corporate clients. Daily PrivatBank conduct transactions for more than 2.1 million customers. PrivatBank's regional network includes 2 133 branches, 7,276 ATMs and 12,652 self-service terminals.