Company Overview of Banque PSA Finance
Banque PSA Finance provides financing for sales of Peugeot and Citroën cars and light commercial vehicles to individuals and businesses in France, rest of Europe, Latin America, and internationally. It also offers inventory, working capital, and other financing to Peugeot and Citroën dealers. In addition, the company provides refinancing; and insurance products and services, such as whole-life, unemployment, disability, and automobile insurances, as well as offers vehicle protection finance; vehicle-related services, including guarantee extensions and maintenance contracts. It also provides a range of financing solutions to purchase new and used vehicles, as well as various leasing solutions...
75, avenue de la Grande Armée
Founded in 1919
Key Executives for Banque PSA Finance
Chairman and Chief Executive Officer
Chief Executive Officer of The French Subsidiaries
Compensation as of Fiscal Year 2012.
Banque PSA Finance Key Developments
Banque PSA Finance Receives European Commission's Temporary Authorization to Use the French State's Guarantee as Security for its Future Bond Issues
Feb 11 13
Banque PSA Finance obtained the European Commission's temporary authorization to use the French State's guarantee to secure its debt issuance in the period from 1 January 2013 to 31 December 2016. The guarantee was voted by the French parliament on 29 December 2012 and has been granted in exchange for a premium. It concerns total issues of up to EUR 7 billion and covers the principal amount of the debt issues plus related interest, costs and incidental expenses. The European Commission's authorization has been obtained for the first EUR 1.2 billion tranche of issuance with a term of up to 36 months, to be carried out in the next six months, corresponding to the period needed by the Commission to issue its final decision concerning this State support.
Banque PSA Finance SA Secures EUR 5.3 Billion of New Debt Facilities
Jan 14 13
Banque PSA Finance SA had secured EUR 5.3 billion of new debt facilities. Banque PSA signed a new EUR 4.1 billion, five-year syndicated loan backed by 18 banks, including all of France's large lenders. It also extended EUR 1.2 billion in revolving credit to January 2016, in addition to a EUR 1.8 billion revolving credit line it had rolled over until December 2015.
PSA Denies France Buying Banque PSA Finance
Dec 27 12
PSA Peugeot Citroen is not looking to merge with General Motors Company’s unit Adam Opel AG, a PSA manager told Autogazette. Olivier Dardart, head of PSA'a German operations, said that a merger has never been discussed. The manager also rebuffed reports that France will buy PSA's unit Banque PSA Finance, adding that the €7 billion to be provided by the state constitutes credit guarantees.
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December 29, 2012