Crédit Agricole Consumer Finance and Banco BPM strengthen their partnership in consumer credit in ItalyCrédit Agricole Consumer Finance and Banco BPM announce that on 18 December 2020, they signed an Amendment Agreement, in order to further strengthen their global partnership in consumer finance in Italy of Agos Ducato (in which Crédit Agricole Consumer Finance holds 61% - Banco BPM 39%), introducing some changes to the agreements signed at the end of 2018 between Banco BPM, Crédit Agricole S.A. and Crédit Agricole Consumer Finance.
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Leasys’s revolution in electric mobility continues with the acquisition of the car sharing business and EV charging stations in Turin from French Group BolloréFiat Chrysler Automobiles, in partnership with Crédit Agricole Consumer Finance and through Leasys, continues to develop highly successful strategies in Europe’s mobility sector
• Leasys will acquire 430 EV charging stations, which will soon increase to 550.
• BlueTorino’s EV charging station network will support the electrification of the Leasys fleet and drive the growth of LeasysGO!, the new sustainable car sharing service that the Group has launched in Turin.
• The agreement with the Bolloré Group is designed to turn Turin into Italy’s capital of sustainable mobility.
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Agos and KSR to promote sustainable mobilityAgos continues on the path to consolidate the company's presence in the world of sustainable two-wheeled mobility, in the belief that structuring and offering financial solutions to support the purchase of electric vehicles can actively contribute to customers' energy transition.
CA CF 2020 strategic plan
CA CF 2020, Crédit Agricole Consumer Finance's strategic plan, is at the heart of the guidelines and objectives of "Strategic Ambition 2020", Crédit Agricole group's medium-term plan, and its Customer Project.
Digital technologies and innovation are at the heart of CA CF 2020 for the benefit of its customers, its banking partners, car manufacturers, and distributors, as well as its employees.
Five strategic dimensions
By making its expertise more widely available to Crédit Agricole group's local banks, CA Consumer Finance helps them better meet customers' expectations in terms of consumer credit.
Strengthening synergies with the Crédit Agricole group's local banks in France, Italy and Morocco is a priority objective of CA Consumer Finance. Its mission is to support these banks in becoming a leader in the consumer credit market.
CA Consumer Finance is placing its clients at the heart of its strategy and work. This is why the group is developing innovative products and solutions adapted to new consumer trends. By capitalising on its digital transformation and leveraging data, CA Consumer Finance personalises its relationships with its customers, offers them the best experience and increases their satisfaction.
Providing support to CA Consumer Finance's partners, be they car manufacturers or distributors, is part of its DNA. Today, car financing accounts for 45% of CA Consumer Finance's outstanding debts. CA CF 2020 aims to consolidate its leading position in this market.
CA Consumer Finance also strengthens its partnerships in the sales and e-commerce sector.
CA Consumer Finance is working to diversify its business with low asset-consuming revenues, including insurance. It will improve the profitability of its weighted commitments and keep its autonomous refinancing greater than or equal to 70%. It will continue to reduce expenses. Finally, it will continue to invest in information systems and in digital by allocating €240 million over four years.
By bringing together its Ile-de-France employees on a single site in Massy, CA Consumer Finance has built a headquarters that reflects its ambition in terms of modernity and close relationships between employees. It provides a stimulating workplace that allows it to leverage the company's values on a daily basis (innovation, closeness, commitment, team spirit) and to develop agile working methods to serve its customers and partners.
Meanwhile, CA Consumer Finance builds on the results of employee satisfaction surveys to ensure that employees are developing and to increase their commitment. It is strengthening its commitment to preventing over-indebtedness and improving financial education, and it is developing its CSR approach with actions to support innovative ecosystems and start-ups. For example, November 2017 saw the first pan-European start-up competition organised by CA Consumer Finance. The goal: to have young innovative companies work on solving specific business problems. The winners received an endowment and were able to start developing innovative solutions funded by CA Consumer Finance.
At the same time, CA Consumer Finance takes advantage of its location in the Paris-Saclay area and tightens its links with innovative ecosystems.