Crédit Agricole Consumer Finance Group

Crédit Agricole Consumer Finance has affirmed its strategic ambition to develop car financing and encourage new forms of mobility, in line with the Crédit Agricole Group's plan. In this context, CA Consumer Finance is investing €100 million in Cosmobilis, the holding company of ByMyCAR, the leading French car distribution group in Europe, which is expanding into new forms of mobility. At the same time, the two partners are entering into exclusive negotiations to create a pan-European joint venture for their automotive financing activities.

• Crédit Agricole Consumer Finance and Stellantis plan to create a European leader in operational car leasing

• Crédit Agricole Consumer Finance considers launching a new car financing, leasing and mobility company in Europe

François Edouard Drion will join Crédit Agricole Consumer Finance on 1 January 2022 as Managing Director and Chief Executive Officer of Agos, the group's subsidiary in Italy. He succeeds Dominique Pasquier who has retired.

Crédit Agricole Consumer Finance will take over 100% of the capital of SoYou, their consumer credit subsidiary created with Bankia in Spain, as part of the merger between Bankia and Caixabank, and is giving it a new strategy to speed up its growth. The Bank of Spain approved the deal on 1st June.
Crédit Agricole Consumer Finance is thus confirming its ambition to be a major player in the Spanish market. This deal is in line with the strategy presented last December: to strengthen CA Consumer Finance's leadership in the European consumer credit market.