- 5 min
Crédit Agricole Consumer Finance confirms ambition to be a major player in Spain by owning 100% of SoYou's capital
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.
On 1st June 2021, the Bank of Spain approved the acquisition by CA Consumer Finance of Bankia's 49% stake in SoYou. The amount of the transaction is not public.
Accelerating growth in Spain
CA Consumer Finance has defined a new strategy to accelerate the growth of SoYou. Its subsidiary will be equipped with a complete range of services to better support CA Consumer Finance's pan-European partners in the Spanish market.
At 31 December 2020, SoYou had 108 employees and managed €103 million in outstanding loans.
CA Consumer Finance Press office: +33 (0)1 87 38 15 87 - email@example.com
About Crédit Agricole Consumer Finance:
Crédit Agricole Consumer Finance, Crédit Agricole SA's consumer credit subsidiary, distributes a broad range of consumer credit and related services for distribution channels as a whole: direct sales, point-of-sale financing (automotive and home appliances) and partnerships. Present alongside major distribution, specialised distribution and institutional brands in the 19 countries where it operates, CA Consumer Finance offers its partners solutions that are flexible, responsible and ideally suited to their needs and those of their customers. Excellence in customer relationships, empowered teams for customers and commitment to society are the pillars that make CA Consumer Finance a group working every day in the interest of its 15 million customers and society. At 31 December 2020, CA Consumer Finance managed €91 billion in outstanding loans.
Learn more: www.ca-consumerfinance.com