May 29, 2017 10:57 AM ET

Consumer Finance

Company Overview of Banque PSA Finance

Company Overview

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 Peugeot, Citroën, and DS dealers with financing for inventories of new and used vehicles, and spare parts, as well as working capital financing and mortgage loans. In addition, the company provides refinancing services; and insurance products and services, such as whole-life, unemployment, disability, and supplemental insurance to protect vehicles, and automobile insurance, as well as vehicle-related services, including extended warranties, maintenance contracts, or service provisions. Further, it offer...

75, avenue de la Grande Armée

Paris,  75116

France

Founded in 1919

128 Employees

Key Executives for Banque PSA Finance

Chief Executive Officer and Director
Age: 55
President and Director
Age: 51
Chief Financial Officer
COO, Executive Managing Officer and Regional Director for Europe, Eurasia, Middle-East
Age: 58
Chief Executive Officer of Psa Banque France
Age: 42
Compensation as of Fiscal Year 2016.

Banque PSA Finance Key Developments

Partnership Between Banque PSA Finance and Santander Consumer Finance Now Fully Operational

Following the 10 July 2014 announcement that a framework partnership agreement had been signed between Banque PSA Finance and Santander Consumer Finance, the joint venture in Poland began operating 3 October 2016. The joint venture will provide wholesale financing to Peugeot, Citroën and DS dealers in Poland, as well as retail financing to the dealers' customers. The partnership is now operational in all 11 European countries. Launched successively since February 2015, the joint ventures in Europe have already helped to boost the Group's competitiveness and improve its results across the continent. With the partnership now fully operational, Banque PSA Finance can benefit from particularly favourable refinancing conditions and offer highly competitive rates to Peugeot, Citroën and DS customers. The partnership between Banque PSA Finance and the Santander Group was extended to Brazil in August 2016.

Banque PSA Finance and Santander Consumer Finance Extend Partnership to Germany and Austria

Banque PSA Finance and Santander Consumer Finance extend partnership to Germany and Austria. Joint ventures in Germany and Austria began operating on July 1, 2016. The partnership is now operational in 10 European countries, representing 98.9% of its planned scope1. Following the July 10, 2014 announcement that a framework agreement had been signed between Banque PSA Finance and Santander Consumer Finance (SCF and its subsidiaries), joint venture activities started up in Germany and Austria on July 1, 2016. The joint ventures will provide wholesale financing to Peugeot, Citroen and DS dealers in Germany and Austria, as well as retail financing to the dealers' customers. The partnership is helping to strengthen the competitiveness of Banque PSA Finance in these countries.

Banque PSA Finance, Santander Consumer Finance launch JV in Netherlands

Banque PSA Finance said its joint venture with Santander Consumer Finance began operations in the Netherlands, effective February 4, 2016. The joint venture will provide wholesale financing to Peugeot, Citroën and DS dealers in the Netherlands, as well as retail financing to the dealers' customers.

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