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May 05, 2015 1:49 AM ET

Consumer Finance

Company Overview of Banque PSA Finance

Company Overview

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

Paris,  75116

France

Founded in 1919

2,353 Employees

Phone:

33 1 46 39 66 33

Key Executives for Banque PSA Finance

Chief Executive Officer
Age: 52
Chairman and President
Age: 49
Chief Financial Officer
Chief Operating Officer
Age: 56
Chief Executive Officer of the French Subsidiaries
Compensation as of Fiscal Year 2014.

Banque PSA Finance Key Developments

Banque PSA Finance Announces Management Changes

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.

Banque PSA Finance Reports Revenue Results for 2014; Provides Earnings Guidance for 2015

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

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.

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