Company Overview of Banque PSA Finance
Banque PSA Finance provides financing services for the sale of Peugeot, Citroën, and DS dealerships passenger cars and utility vehicles to individuals and businesses worldwide. It also offers dealers of the brands with financing for inventory, such as new and used vehicles, and spare parts, as well as other financing, such as working capital services; and a range of financial and other services comprising insurance and services to individuals and businesses. In addition, the company provides refinancing; insurance products and services, such as whole-life, unemployment, disability, supplemental insurance to protect vehicles, and automobile insurance, as well as vehicle-related services, incl...
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 2015.
Banque PSA Finance Key Developments
Banque PSA Finance Set Up Two Joint Ventures with Santander Consumer Finance in Spain and Switzerland
Oct 5 15
Banque PSA Finance announced that it has set up two joint ventures with Santander Consumer Finance in Spain and Switzerland. The two partnerships are expected to enhance the competitiveness and profit margins of Banque PSA Finance and to deliver about EUR 1.5 billion in cash upstream between 2015 and 2018. The joint ventures in Spain and Switzerland are part of a framework agreement between Banque PSA Finance and Grupo Santander signed in July 2014. The deal includes eleven countries in Europe, as well as Brazil after Banque PSA Finance signed an agreement with Banco Santander Brazil on 24 July 2015. The first joint ventures were launched in February 2015 in France and the UK. The launch of the remaining ventures is expected to be finalized in 2016.
Banque PSA Finance Reports Earnings Results for the First Half Ended June 30, 2015
Jul 29 15
Banque PSA Finance reported earnings results for the first half ended June 30, 2015. For the period, the company reported recurring operating income of EUR 294 million, a rise of EUR 122 million on first-half 2014.
Banque PSA Finance Announces Management Changes
Apr 22 15
Rémy Bayle has been appointed Chief Executive Officer of Banque PSA Finance effective 22 April 2015. He will replace Philippe Alexandre, who has decided to leave the Group to pursue a new professional project. Mr. Bayle will report to Jean-Baptiste de Chatillon, Chief Financial Officer of PSA Peugeot Citroën and Chairman of Banque PSA Finance. He has held a number of responsibilities within Banque PSA Finance, serving as Chief Finance Officer, Corporate Risks Officer at French headquarters and Managing Director of branches in the United Kingdom and Switzerland before being appointed Head of Corporate Finance and Treasury of PSA Peugeot Citroën in July 2012.
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