JCB deal with French Bank

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Construction giant JCB has signed a joint venture partnership with BNP Paribas Lease Group to offer retail and wholesale finance in JCB's European markets.

The deal is split 50.1 per cent to BNP Paribas Lease Group and 49.9 per cent to JCB and will offer retail finance for new and used JCB machines in France, Spain, Italy and Germany.

Managing director in charge of financial solutions at JCB David Miller said: "The creation of our new JCB Finance joint venture in Europe is an important milestone, enabling us to meet our aims in a number of key markets for JCB products."