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
Rooted within the Crédit Agricole S.A. Group, Crédit Agricole Consumer Finance is a major player in consumer lending in France and Europe. The Group’s objectives and growth drivers are supported by CA Consumer Finance’s new strategic plan “CA CF 2022”, which is at the heart of the guidelines and objectives of 2022 Strategic Ambition, the Crédit Agricole Group’s medium-term plan.
of managed outstandings at the end of 2020
net income group share at the end of 2020
in net banking income at the end of 2020
CA Consumer Finance
|Standard & Poor's||Fitch ratings|
|Long term rate||A+||A+|
|Short term rate||A-1||F1|
FCA Bank Spa
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|Long term rate||BBB||Baa1||BBB+|
|Short term rate||A-2||P-2||F1|
|Long term rate||A-|
|Short term rate||F1|