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RCI Banque : RCI Banque : press release "Savings accounts activity" for the RCI Banque group



 RCI Banque : RCI Banque : press release "Savings accounts activity" for the
                               RCI Banque group

                                                                 July, 10 2013

 RCI BANQUE AIMING FOR DEPOSITS REPRESENTING 20 to 25% OF AVAILABLE FUNDS IN
                                    2016  

  * As at the end of 30 June  2013, nearly 33,700 ZESTO savings accounts  were 
    opened, representing net collected savings of 1.192 billion Euros. 

  * The launch, on 1  July, of the PEPITO  term deposit account completed  RCI 
    Banque's savings account services in France. 

  * Launched in  February,  the  savings account  operations  in  Germany  are 
    showing very encouraging results: at the end of June, 48,000 accounts  had 
    been opened and the net collected savings totalled 1.394 billion Euros for
    both savings accounts and term deposit accounts.  

  * With 2.586 billion Euros in net collected savings at the end of June  2013 
    in France  and  Germany,  RCI  Banque  has  now  achieved  its  objective, 
    initially set for the end of 2014.  

  * RCI Banque has set a new target for 2016. Its ambition is to collect
    deposits representing between 20 and 25% of available funds.
     

« 18 months ago, RCI Banque started  opening retail savings accounts with  the 
objective to diversify its funding and  to make the company less dependent  on 
the capital markets.RCI committed to  reinvest the deposits in its  automotive 
finance business in support of the brands of the Renault-Nissan  Alliance.With 
an outstanding balance of over €2.5 billion at the end of June, the results of
this new  activity  are very  promising  and encourage  us  to set  even  more 
ambitious objectives.By targeting  deposits between  20 and 25%  of its  total 
outstandings, RCI  Banque  will better  sustain  its future  growth.",  states 
Dominique Thormann, Chairman and CEO of RCI Banque

RCI BANQUE EXTENDS  ITS RANGE OF  SAVINGS PRODUCTS IN  FRANCE WITH THE  PEPITO 
TERM ACCOUNT MARKETED SINCE 1 JULY.

In February 2012, RCI  Banque launched its ZESTO  savings account. It was  the 
first time that  a car manufacturer  in France offered  a savings product  and 
undertook to reinvest the funds collected into its automotive loans business.

As at 30 June, there were nearly 33,700 ZESTO clients, representing  available 
funds of 1.192 billion  Euros. Wishing to build  client loyalty and  diversify 
its offer, RCI Banque launched PEPITO^[1], a new savings product. PEPITO is  a 
3-year term deposit account with  a quarterly progressive interest rate  which 
caters for ZESTO clients.  Based on a full  online account opening  procedure, 
there are no opening,  management or closing  costs. PEPITO offers  guaranteed 
interest rates which progress quarterly: in this way, acquired interest, added
to the capital, is reinvested each quarter.

VERY ENCOURAGING  RESULTS  AFTER 4  MONTHS'  OPERATION IN  GERMANY  COLLECTING 
SAVINGS DEPOSITS

Only one  year after  launching ZESTO  in  France, RCI  Banque has  started  a 
savings account operation  in Germany. Initially  offering a current  account, 
the range was enlarged with the offer of term deposit accounts  on  29  April. 
 This is a  fixed rate,  term deposit  account offering  4 different  maturity 
dates (1, 2, 3 and  4 years). Capitalising on  its experience in the  domestic 
market, RCI Banque is offering simple and effective products in Germany,  with 
full online marketing and digitally-focused advertising.  

At the end  of June, the  global available  funds of the  savings business  in 
Germany stood at 1.394  billion Euros. Current  accounts presently exceed  1.1 
billion Euros of available funds, whilst  two months after their launch,  term 
deposit accounts have collected nearly 300 million Euros.

AS AT THE END JUNE THE TWO  OPERATIONS HAD COMBINED FUNDS OF OVER 2.5  BILLION 
EUROS

As at 30 June, the net collection^[2]  from the first half year - 1.6  billion 
euros - represents  40% of RCI  Banque's refinancing plan  for that half  year 
(refinancing plan of 3.9 billion euros). RCI Banque has collected 2.5  billion 
Euros in  deposits through  savings operations  in France  and Germany,  which 
corresponds to approximately  10% of  the company's  available funds.^[3]  The 
amount initially targeted for by the  end of 2014 has therefore been  achieved 
at the end of June 2013.

RCI BANQUE HAS SET ITSELF AN AMBITIOUS  TARGET FOR 2016, AIMED AT ENABLING  IT 
TO REFINANCE THE COMPANY'S AVAILABLE FUNDS BY 20 TO 25% FROM DEPOSITS

RCI Banque  is  constantly seeking  to  optimise  the cost  of  its  financial 
resources in order to  guarantee the competitiveness  of its automotive  loans 
and the viability of the company's operations. Developing the savings deposits
business is therefore essential to its long-term strategy of diversifying  the 
refinancing of the company.
RCI Banque has set itself a  target: to have savings deposits representing  20 
to 25%  of its  available  funds. The  operational objectives  for  collecting 
deposits will be adjusted  according to the growth  of RCI Banque's  available 
funds but also by taking into consideration market costs for refinancing.  

                                Press Office:

        RCI Banque                    H+K Strategies
       Sophie Guiot                + 33(0) 1 41 05 44 17
  + 33(0) 1 49 32 86 44    rcibanquepressoffice@hkstrategies.com
sophie.guiot@rcibanque.com

More about RCI Banque:
Created and totally owned by  the Renault group, RCI  Banque is a French  bank 
specialising in automotive financing and services for the group's clients  and 
dealer network  (Renault, Renault  Samsung Motors  and Dacia)  throughout  the 
world and the Nissan group (Nissan  and Infiniti) chiefly in Europe and  South 
America. Present in  36 countries, RCI  Banque has over  2.5 million  clients, 
financing nearly  1,102,000 customer  accounts per year,  with a portfolio  of 
24.1 billion Euros of funding at the  end of 2012 and record pre-tax  earnings 
of  773  million  Euros.  To  find  out  more  about  RCI  Banque  click   on: 
www.rcibanque.com

Appendix to the PEPITO term deposit account

The PEPITO term deposit account is a risk-free investment over 3 years, with
step-up rates: the longer you keep the account open, the more interest you
earn, which is reinvested each quarter.

It is the ideal solution for clients who wish to finance short-term projects,
regardless of their savings capacity.  This is a risk-free investment giving
access to capital at all times whilst benefiting from early withdrawal
conditions without incurring penalties*.

The key features of the PEPITO term deposit are as follows:
- One single payment via bank transfer from the ZESTO savings account of 5,000
€ to 1,000,000 €.
- No costs for opening, managing or closing the account.
- Total online account opening procedure from a secure client site.

PEPITO ensures progressive remuneration through:
- guaranteed gross rates of up to 3.5% which increase quarterly.
- a guaranteed gross annual rate of 2.5% over 3 years.

              PERIOD               RATE
           1^st Quarter            1.60%
           2^nd Quarter            1.70%
           3^rd Quarter            1.80%
           4^th Quarter            1.90%
           5^th Quarter            2.30%
           6^th Quarter            2.40%
           7^th Quarter            2.50%
           8^th Quarter            2.60%
           9^th Quarter            3.10%
          10^th Quarter            3.20%
             11^th Quarter         3.40%
          12^th Quarter            3.50%

                   

For more information on the PEPITO term deposit account, go to the website:
www.livretzesto.fr

* In the event of early withdrawal, repayment is calculated according to the
following rules:
a) Cancellation during the 1st month of the quarter: no interest paid for the
quarter.
b) Cancellation during the 1st quarter of a three-year period: interest
accrued during the period the account has been opened will be calculated on
the basis of 90% of the interest rate applied for this quarter.
b) Cancellation after the 1st quarter of a three-year period: interest accrued
during the quarter will be calculated on the basis of the preceding quarter.

The PEPITO account is an agreed term deposit account over a period of 3 years,
reserved for holders of a ZESTO savings account who are over the age of 18.It
offers progressive quarterly repayments and its gross annual actuarial
interest over the whole period is2.5%.The investment can be repaid at any time
(full early repayment only). In this event, the subscriber shall receive a
reduced repayment.Minimum deposit 5,000 €.
For more information, consult our website: www.livretzesto.fr 

[1] The PEPITO term deposit account is presented in greater details  in the
appendix
[2] The net collection is the net amount collected between the end of December
2012 and the end of June 2013.
[3] The reference point for outstanding is that reached at the end of December
2012, i.e., 25.7 billion Euros

RCI Banque - Savings accounts - 10-07-2013

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: RCI Banque via Thomson Reuters ONE
HUG#1715246
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