CREDIT AGRICOLE SA : Crédit Agricole Consumer Finance and Bankia: exclusive negotiations aiming to set up a partnership in...
07 Mars 2018 - 6:30PM
Press Release
Massy, 7 March
2018.
Crédit Agricole
Consumer Finance and
Bankia:
exclusive negotiations aiming to set up a
partnership
in consumer finance in Spain
Crédit Agricole Consumer Finance,
a leading consumer finance group in Europe, and Bankia, the fourth
largest bank in Spain, announce their entry into exclusive
negotiations aiming at establishing a joint-venture in the consumer
finance business.
For Crédit Agricole Consumer Finance, this partnership aims at
accelerating the setting up of its presence in Spain, the fourth
largest consumer finance market in the Eurozone, thanks to the
network of the fourth Spanish bank and its universal multichannel
model. It will provide Bankia with a subsidiary dedicated to
consumer finance and add a growth market to its portfolio of
business activities in Spain, by benefitting from the experience in
this type of partnership of Crédit Agricole Consumer Finance, one
of the European leaders in consumer finance.
CA Consumer
Finance Press office: +33 (0)1 60 76 93 99
/ 88 60 - presse@ca-cf.fr
Bankia Press
office:
Bankia Comunicación (bankiacomunicacion@bankia.com)
Virginia
Zafra
+34 91 423 51 04 / 690 047 723 - vzafra@bankia.com
Mariano Utrilla
+34 91
423 94 72 / 691 827 401 - mutrilla@bankia.com
Guillermo Fernández +34 91 423 53 33 / 681 349 040 -
gfernandezm@bankia.com
About Crédit
Agricole Consumer Finance
Crédit Agricole Consumer Finance, Crédit Agricole SA's consumer
credit subsidiary, distributes a broad range of consumer credit and
related services (in France, principally through its commercial
trademarks Sofinco, Viaxel and Creditlift Courtage) for
distribution channels as a whole: direct sales, point-of-sale
financing (automotive and home appliances) and partnerships.
Present alongside major distribution, specialised distribution and
institutional brands in the various countries where it operates,
Crédit Agricole Consumer Finance is a key partner in
business.
Crédit Agricole Consumer Finance managed 82.6 billion euros in
outstanding loans at 31 December 2017.
Learn more: www.ca-consumerfinance.com
About
Bankia
Bankia is a Spanish bank that is included in the Ibex 35. It
operates throughout Spain serving 8 million clients, with a
universal banking business model based on multi-channel management
and specialized in serving individuals and businesses.
Learn more: http://www.bankia.com
CACF BANKIA ENG
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CREDIT AGRICOLE SA via Globenewswire
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