PRESS RELEASE BNP Paribas Personal Finance driving forward in the Auto segment from Europe to Russia Seven partnerships concluded with six car manufacturers in four different countries in three months Paris, 22 July 2014. BNP Paribas Personal Finance has signed seven partnerships with six international car manufacturers Hyundai, Kia, Mitsubishi, PSA, Volvo and Kawasaki in four countries. This achievement, accomplished in record time, demonstrates BNP Paribas Personal Finance’s ability to implement its strategy of leading financial partner of car manufacturers in several countries, to meet the needs of each partner and to deploy the financial tools necessary to support their strategy, such as the management of their specific needs and local constraints. BNP Paribas Personal Finance has forged strong links with these carmakers in Belgium, Italy, Poland and Turkey, by bringing them a comprehensive offer encompassing point-of-sale car financing, wholesale financing (stock financing and dedicated services) and a full captive cooperation solution. An integral part of car sales in seven out of ten cases, car financing is not only essential, but also helps more than ever to facilitate sales in the current sluggish economic climate. In line with its strategy of supporting automobile market players in reaching their own goals in their countries, BNP Paribas Personal Finance has rolled out a number of measures for global carmakers and their distribution networks in recent months. The aim has been to create new partnerships or renew existing ones and consolidate links: - in Poland, BNP Paribas Personal Finance becomes the exclusive partner to the Korean group Kia, Hyundai for retail and wholesale financing activities. The company has also concluded a new partnership with Volvo for the provision of traditional loans within the brand's distribution network; - in Belgium, AlphaCredit has become Kia’s exclusive partner; - in Turkey, TebCetelem has signed a commercial agreement with PSA (Peugeot-Citroën) and has also become a partner to Mitsubishi; - in Italy, Kawasaki has renewed its partnership with Findomestic. BNP Paribas Personal Finance offers these manufacturers, according to their needs, solutions for: - end customers, with a comprehensive offer of loans and related point-of-sale services, within the manufacturer’s distribution network; - distributors themselves, via a customised inventory management offering and related services wholesale financing; Page 1 sur 2 - carmakers, with a full captive cooperation solution through which BNP Paribas Personal Finance takes on the responsibility of a captive finance company. “By positioning ourselves as leading financial partner with a comprehensive offering of financing solutions and related services, BNP Paribas Personal Finance takes up its rightful place today among car manufacturers, distributors and end customers,” states Louis-Michel Duray, Automotive Financial Services Director at BNP Paribas Personal Finance. “Over and above our ability to implement our offering and thanks to BNP Paribas Group's different business lines, we are able to offer a 360° financing and services solution. We are currently in line with our goal to reach 15 billion euros worth of outstanding loans by 2016…" adds Duray. “In Russia,” explains Benoît Cavelier, Key Partnerships Director at BNP Paribas Personal Finance, “the transfer of nine partnerships with car manufacturers present in Russia to Cetelem Bank - our shared joint venture with Sberbank - is a real success”. Brands such as Kia, Mitsubishi, General Motors, Lada, Hyundai and Volkswagen now have access to Cetelem Bank solutions. “This transfer from Sberbank to Cetelem Bank represents annual new business of approximately 1.5 billion euros,” adds Cavelier. A propos de BNP Paribas Personal Finance BNP Paribas Personal Finance est n°1 du financement aux particuliers en France et en Europe au travers de ses activités de crédit à la consommation et de crédit immobilier. Filiale à 100 % du groupe BNP Paribas, BNP Paribas Personal Finance compte plus de 16 000 collaborateurs et opère dans une vingtaine de pays. Avec des marques comme Cetelem, Findomestic ou encore AlphaCredit, l’entreprise propose une gamme complète de crédits aux particuliers disponibles en magasin, en concession automobile ou directement auprès des clients via ses centres de relation client et sur Internet. BNP Paribas Personal Finance a complété son offre avec des produits d’assurance et d’épargne pour ses clients en Allemagne, Bulgarie, France, Italie. BNP Paribas Personal Finance a développé une stratégie active de partenariat avec les enseignes de distribution, les constructeurs et les distributeurs automobiles, les webmarchands, et d’autres institutions financières (banque et assurance) fondée sur son expérience du marché du crédit et sa capacité à proposer des services intégrés adaptés à l’activité et la stratégie commerciale de ses partenaires. Il est aussi un acteur de référence en matière de crédit responsable® et d’éducation budgétaire. For more information: www.moncreditresponsable.com – www.fondation.cetelem.com www.jegermesfindemois.com - www.touslesbudgets.com PRESS CONTACTS BNP Paribas Personal Finance Claude Martin Franz +33 (0)1 46 39 97 93 [email protected] Vivien Brunel +33 (0)1 46 39 91 51 [email protected] Page 2 sur 2
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