Crédit Agricole Consumer Finance and Opteven announce the creation of a joint venture to offer bank customers a European warranty extension and maintenance contract offer• Crédit Agricole Consumer Finance and Opteven, an expert in guarantees and services adapted to mobility, agreed on a draft strategic agreement which should be supplemented by the creation of a joint venture owned 50-50 by the two companies.
• This new company would allow CA Consumer Finance to offer a warranty extension and maintenance contract offer, developed by Opteven, to its individual and professional customers in Europe.
• After the birth of the Leasys joint venture with Stellantis, the 100% acquisition of CA Auto Bank and Drivalia, the development of automotive services constitutes the third pillar of
CA Consumer Finance's automotive strategy to become a European leader in green mobility.
• CA Consumer Finance wishes, by 2026, to offer more than 20 automotive services to its various customers via all the group's European.
Consult the press release
Crédit Agricole Consumer Finance enters the capital of Hiflow with the ambition to strengthen its offering and accelerate internationallyAs part of the IAA Mobility in Munich 2023, Hiflow and Crédit Agricole Consumer Finance announce the acquisition of a stake by Crédit Agricole Consumer Finance in the capital of Hiflow. The subsidiary of the Crédit Agricole group thus becomes the majority shareholder of the leader in single vehicle delivery to strengthen the offer and accelerate the development of Hiflow in 10 countries by 2026. This merger is also strategic for CA Consumer Finance, which at the same time announces the creation of a European automotive services hub, a new pillar of its automotive and mobility strategy: Crédit Agricole Mobility Services. It aims to offer more than 20 services dedicated to mobility by 2026. Hiflow will operate the Deliveries service, relying on its unique technology. In a rapidly changing automobile market, where the end user will become more and more central, local services at home are becoming essentials.
Consult the press release
Crédit Agricole Mobility Services: 3rd strategic pillar of Crédit Agricole Consumer Finance to become European leader in green mobility• After the creation of a complete leasing offer via Leasys, a pan-European leader in long-term rental co-owned 50-50 with Stellantis, the expansion of our geographic footprint with the 100% acquisition of CA Auto Bank and its subsidiary Drivalia to make it a pan-European leader in automobile financing, rental and mobility, CA Consumer Finance is developing an ambitious service offering that it will distribute under the Crédit Agricole Mobility Services brand. This new strategic pillar constitutes a powerful development lever.
• By 2026, more than 20 automotive services will be offered to all customers and distributed by all the Group's European entities.
• Crédit Agricole Consumer Finance has agreed with Opteven on a draft strategic agreement to distribute to all its customers a European extended Warranty and Maintenance contract offer.
• Crédit Agricole Consumer Finance announces an acquisition of a stake in the capital of Hiflow, leader in the delivery of single vehicles, and becomes a majority shareholder.
• Crédit Agricole Consumer Finance will inaugurate, on September 12, 2023 in Fayence (South-East of France), Agilauto Partage, a vehicle sharing solution, first launched in rural areas for individuals, and which will also be offered in businesses.
Consult the press release
At the end of 2021, the self-funding ratio of CA Consumer Finance Group stands at 81,3%. For the CA Consumer Finance Group, this figure is an assurance of being able to support its customers and partners in each of their projects.
All about CA Consumer Finance funding
The Crédit Agricole Consumer Finance Group deploys various self-funding instruments as part of a policy of diversifying its financing resources: securitisation, repos, issue of NEU-CP, NEU-MTN, and EMTN, as well as an online deposit collection business.
Securitisation is now a major successful lever of external funding for the Crédit Agricole Consumer Finance Group:
- deployed in most of the group’s entities, both in Europe and elsewhere in the world.
- with a diversity of characteristics of the transactions carried out: public or private, static or revolving, with or without transfer of risk.
Repo transactions also help to strengthen the group’s liquidity ; these “secured” transactions are built from the securities hold from retained securitisations.
In France, CACF SA issues NEU-CP (formerly short-term certificates of deposit) as well as NEU-MTN (formerly medium-term marketable securities). FCA Bank in Italy issues Euro Medium Term Notes (EMTN) through its Irish branch.
A deposit collection business, today conducted by several entities with institutionals and residents of various countries.
This activity has existed in Germany since 2011, through the German subsidiary Creditplus, intended for institutional investors (via brokers) and individuals (online).
Learn more on the Creditplus commercial website [in German]: https://www.creditplus.de/festgeld/
CA Consumer Finance SA
CA Consumer Finance SA began its proprietary online collection activity in 2014, via the European passport, intended for individuals residing in Germany. Since then, it has been extended to Austria from 2015 to 2021 and Spain from 2016 to 2020.
Learn more on the subscription website in Germany
The more recent launch of the activity at FCA Bank has been directed at individuals in Italy and Germany (European passport), via the Internet, since 2016.
Learn more on the FCA Bank commercial website [in Italian]: https://contodeposito.fcabank.it/
Debt issuance programme
The various entities of the CA Consumer Finance Group have debt issuance programmes. CA Consumer Finance SA has a Certificates of Deposit programme and a medium-term marketable securities (NEU-MTN) programme. FCA Bank has a Euro Medium Term Note programme in Ireland.
NEU-CP (formerly certificate of deposit)
CA Consumer Finance SA’s NEU-CP programme has the following characteristic: a ceiling of 9 billion euros
See the presentation of CA Consumer Finance’s Certificates of Deposit issuance programme on the Banque de France website.
NEU-MTN (formerly BMTN)
CA Consumer Finance SA’s medium-term marketable securities (NEU-MTN) programme has the following characteristic: a ceiling of 3 billion euros
See the presentation of CA Consumer Finance SA’s Medium-Term Note issuance programme on the Banque de France website.
The Euro Medium Term Notes programme of FCA Bank, a joint venture owned 50% by CA Consumer Finance SA and 50% by FCA Italy S.p.A , has the characteristics described on the FCA Bank website.
Within this range of financial instruments, securitisation is a major driver of external refinancing, but also to build up ECB-eligible collateral or to monitor its regulatory capital. Several entities have developed this technical expertise with a varied history: beginning in Italy with the subsidiaries of FCA Bank (2000) and Agos Ducato (2006), securitisation spread to France (2009), Netherlands (2010), Germany (2011), China (2014), and then Portugal (2015).
According to JP Morgan, CA Consumer Finance Group is ranked first - in number of transactions - in the euro-denominated market for public securitisations (issued in 2021) of Consumer Loans and is ranked 3rd in terms of deals amount.
Note the Crédit Agricole Consumer Finance group's first SRT (Significant Risk Transfer) transaction performed by FCA Bank in 2017.
For more information about securitisation at Crédit Agricole Consumer Finance and in our subsidiaries:
Find information about Agos securitisation operations here
Find information about FCA Bank securitisation operations here
Crédit Agricole Consumer Finance
Below are the downloadable documents relating to all market securitisation transactions performed by Crédit Agricole Consumer Finance:
GINKGO SALES FINANCE 2022
GINKGO AUTO LOANS 2022
GINKGO SALES FINANCE 2017 (amortised operation)
GINKGO PERSONAL LOANS 2016 (amortised operation)
GINKGO SALES FINANCE 2015 (amortised operation)
GINKGO PERSONAL LOANS 2015 (amortised operation)
GINKGO SALES FINANCE 2014 (amortised operation)
GINKGO CONSUMER LOANS 2013 (amortised operation)
GINKGO PERSONAL LOANS 2013 (amortised operation)
GINKGO SALES FINANCE 2013 (amortised operation)
GINKGO SALES FINANCE 2012 (amortised operation)