Company Overview of Banque PSA Finance
Banque PSA Finance provides financing services for the sale of Peugeot and Citroën passenger cars and utility vehicles to individuals, businesses, and distribution network worldwide. It also offers inventory, working capital, and other financing to Peugeot and Citroën dealers. In addition, the company provides refinancing; insurance products and services, such as whole-life, unemployment, disability, and automobile insurances, as well as vehicle protection finance; and vehicle-related services, including extended warranties, maintenance contracts, or service provisions. Further, it offers a range of financing solutions to purchase new and used vehicles, as well as various leasing solutions t...
75, avenue de la Grande-Armée
Founded in 1919
Key Executives for Banque PSA Finance
Chief Executive Officer of the French Subsidiaries
Compensation as of Fiscal Year 2014.
Banque PSA Finance Key Developments
Banque PSA Finance Reports Earnings Results for the First Quarter Ended June 2014
Jul 30 14
Banque PSA Finance reported earnings results for the first quarter ended June 2014. For the period, the company's earnings contribution €26 million to €172 million.
Banque PSA Finance Reports Revenue Results for the First Quarter Ended March 31, 2014
Apr 25 14
Banque PSA Finance reported revenue results for the first quarter ended March 31, 2014. The company reported its revenues declined by 7.4% to EUR 418 million in the first quarter 2014, notably due to the effect of a lower loan book.
Banque PSA Finance and Santander CF in Exclusive Negotiations to Form A European Partnership
Feb 19 14
Banque PSA Finance and Santander Consumer Finance entered into exclusive negotiations to form a 50/50 partnership to develop the activities of Banque PSA Finance in Europe. The negotiation would result in the creation of local partnerships, each 50/50 owned by Banque PSA Finance and Santander CF, across PSA Peugeot Citroën's main European markets. This partnership would create a competitive, sustainable and dynamic captive financing activity dedicated to PSA Peugeot Citroën's brands. This partnership would not need the French State guarantee for the funding of its activities. Under the terms of the agreement, the partnership would enable the PSA Peugeot Citroën's brands captive to propose a more competitive financing to the dealers and the end-users. The partnership would enhance the commercial capabilities for the PSA Peugeot Citroën brands enabling to increase its penetration of the car finance market. The contemplated perimeter of the transaction would cover approximately 90% of Banque PSA Finance's current activities. The entering into the agreements to implement this partnership is subject to the relevant regulatory and competition authorities agreements and the prior information and consultation of the relevant employee representative bodies. The closing of the transaction would then be expected to occur in second half of 2015.
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