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
Chief Executive Officer of The French Subsidiaries
Deputy Chief Executive Officer
Compensation as of Fiscal Year 2013.
Banque PSA Finance Key Developments
Peugeot To Reportedly Sell Banque PSA To Santander In 2014
Nov 18 13
Peugeot S.A. (ENXTPA:UG) is considering the merger of Banque PSA Finance with automotive financing division of Banco Santander, S.A. (CATS:SAN), reported Reuters. Reuters added that a deal may be reached in the first quarter of 2014.
Banque PSA Finance Announces Consolidated Revenue Results for the Third Quarter and Nine Months Ended September 2013
Oct 23 13
Banque PSA Finance announced consolidated revenue earnings results for the third quarter and nine months ended September 2013. For the quarter, revenue was EUR 447 million against EUR 471 million a year ago.
For the nine months, revenue was EUR 1,336 million against EUR 1,450 million a year ago.
Peugeot Reportedly In Talks To Sell Banque PSA Finance
Oct 18 13
Peugeot S.A. (ENXTPA:UG) is seeking to sell its Banque PSA Finance car loans division, four people familiar with the talks said. Banco Santander, S.A. (CATS:SAN) is reviewing a bid to acquire 50% of Banque PSA, which is worth about €3 billion, the sources said. Also other contenders are interested in operations in specific countries like UniCredit S.p.A. (BIT:UCG)and Commerzbank AG (DB:CBK) could be interested in acquiring Banque PSA's business in Germany, sources familiar with the talks and sector bankers said. Lloyds Banking Group plc (LSE:LLOY) could look at its UK business and Credit Agricole S.A. (ENXTPA:ACA) the French one, the sources said. Santander, UniCredit, Commerzbank, Lloyds declined to comment. Credit Agricole was unavailable for immediate comment. Also Peugeot is hoping to raise as much as €3 billion in a capital increase in which the French state and Dongfeng Motor Group Company Limited (SEHK:489) would each take a 20% to 30% stake, Reuters first reported last week. However, it is not yet clear whether a successful share issue to Dongfeng and the French state would remove the need for a spin-off of the financing arm, they said. While a capital increase could relieve pressure on BPSA's credit rating and financing costs, a partial sale of the unit could help win EU clearance for the planned government cash injection into Peugeot, they added.
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