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2Press review
Crédit Agricole Consumer Finance confirms ambition to be a major player in Spain by owning 100% of SoYou's capital
Crédit 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
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1Press review
Consumer credit in Europe in 2017: Clear growth for the European consumer credit market
For the eleventh consecutive year, Crédit Agricole Consumer Finance has published its annual study of the consumer credit market in the 28 countries of the European Union; this year the focus is on the major European economies and car finance.
The upturn in the European market that began in 2014 retained its momentum. In 2017, outstanding consumer credit in Europe reached a historic high of EUR 1,262 billion. This is therefore the fourth consecutive year of growth for the market, driven by the economic boom and the fall in unemployment.Consult the press release
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2Press review
Overview of consumer credit in Europe in 2016: Strong growth in the European consumer credit market
For the tenth year in a row, Crédit Agricole Consumer Finance has published its yearly report on the consumer credit market of the 28 countries of the European Union.The European market confirms the recovery momentum that began in 2014. Outstandings are up 4.4% at €1,195 billion. New loan production was also robust in 2016 (up 9.8%). Consumer finance plays a role in supporting the growth of EU economies.Consult the press release
Trends in consumer credit
This news channel is proposed to you to follow-up consumer credit and general economic trends.
