Standard Bank signs deal with John Deere

STANDARD Bank Namibia has signed a collaboration and local service agreements with John Deere and Otjiwarongo based local dealer Hoffmann’s Farm Implements. These partnerships are for three years.

Through financing from Standard Bank Namibia, farming customers can now purchase John Deere tractors and other agricultural equipment via the local dealer Hoffmann’s Farm Implements based in Otjiwarongo.

Standard Bank Namibia’s Chief Executive Mpumzi Pupuma says the mutually beneficial agreements bring great excitement for the bank and its farming clients. “I am positive that the latest signing will move us forward and closer to assisting our farming communities around the country, especially during this time of the drought situation. The purpose of these collaboration agreements is to assist Standard Bank Namibia in growing its asset book, whilst John Deere seeks to grow its market share and footprint across Africa and in particular in Namibia,” said Pupuma.

“By signing these agreements Standard Bank Namibia becomes our exclusive banking agent for three years and we look forward to expanding our business through this long term partnership as we value Standard Bank Namibia in the local market,” said Chief Executive Officer of John Deere Jacques Taylor.

Director of Hoffmann’s Farm Implements Jan van der Merwe who has been in business for the past 25 years in Namibia was optimistic that the agreement would be a success.

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