Crédit Agricole Consumer Finance confirms ambition to be a major player in Spain by owning 100% of SoYou's capitalCrédit 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.
Consult the press release
Crédit Agricole Consumer Finance is a major player in consumer credit with more than €90.9 billion of managed outstandings at the end of 2020. The group is present in 19 countries.
CA Consumer Finance's international presence
Managed outstandings: €3.4 Bn
8 FCA Bank
Location: Austria, Belgium, Denmark, Finland, France, Greece, Germany, Ireland, Italy, Morocco, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, United Kingdom
Managed outstandings: €26.2 Bn
Managed outstandings: €6.05 Bn