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, Managing Director and Director
Chief Executive Officer of the French Subsidiaries
Compensation as of Fiscal Year 2014.
Banque PSA Finance Key Developments
Banque PSA Finance Reports Revenue Results for 2014; Provides Earnings Guidance for 2015
Feb 18 15
Banque PSA Finance reported revenue results for 2014. For the year, the company’s revenues declined by 4%, notably due to a lack of competitiveness of its cost of funding.
The company will have a very strong improvement of the operating results in 2015.
Banque PSA Finance Adapts and Improves the Conditions of its Financial Security
Feb 6 15
On 5 February 2015, Banque PSA Finance signed a new €700 million 5-year syndicated credit facility. With the participation of 13 banks, the new facility was oversubscribed and the total amount was deliberately capped at €700 million. The new facility was competitively priced with a long maturity. On the same day, Banque PSA Finance repaid and cancelled the €4.1 billion syndicated facility and €1.2 billion revolving facility signed on 11 January 2013, as well as the €2 billion syndicated facility signed on 13 December 2011. These transactions are correlated to the launch of the new local partnership with Santander Consumer Finance in France and the United Kingdom, which has led to a significant reduction in Banque PSA Finance’s needs in terms of both financing and financial security.
Banque PSA Finance Announces Revenue Results for the Third Quarter Ended September 30, 2014
Oct 22 14
Banque PSA Finance announced revenue results for the third quarter ended September 30, 2014. For the period, the company reported revenues are down 2% to EUR 438 million.
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