Created in 1951, Sofinco moves into vehicle finance in 1957 by absorbing the SAMFA, the car financing specialist. In 1993 Sofinco signs a partnership agreement with Crédit Agricole. Sofinco creates Credibom in Portugal in 1996 then establishes itself in Germany and Hungary in 1998. Sofinco becomes part of Crédit Agricole S.A. in 1999 and creates a department dedicated to automotive financing, Viaxel.

In 2000, Sofinco signs partnership agreements with Crédit Lyonnais and Decathlon. A year later, the insurer Generali becomes a partner. In 2004, Sofinco buys out Finalion, Crédit Lyonnais's (later renamed LCL). specialist consumer credit subsidiary. Sofinco moves into the Czech Republic in 2005 through the complete takeover of CP leasing, renamed Credium. In 2006, Sofinco and Fiat Auto create a 50/50 joint venture, Fiat Group Automobiles Financial Services, renamed FGA Capital in 2009. This partnership is also extended to Jaguar Land Rover, Chrysler, Dodge and Jeep. Sofinco becomes the first consumer finance specialist in the Netherlands in 2007 with the acquisition of Interbank and Ribank. A year later, Sofinco and Ford create a 50/50 joint venture, Forso Nordic and launches also the first co-branded credit cards in France (Renault, Total and Fiat). In 2009, Sofinco and Finaref announce their merger with a view to create Crédit Agricole Consumer Finance.


Finaref was created in 1970 and launched the Mistral account in 1986 – the first revolving loan not attached to a brand. In 1992, Finaref becomes a subsidiary of the Kering Group ( ex-PPR) and in 1995 Finaref innovates with insurance telesales. In 1998, Finaref takes over the management of FNAC and Printemps store cards. The group continues to develop its insurance expertise. In 2003, Crédit Agricole S.A. acquires Finaref from the PPR Group.


On April 1st, 2010, Crédit Agricole Consumer Finance is created, stemming from the merger of Sofinco and Finaref. GAC Sofinco, a new 50/50 joint venture between CA Consumer Finance and Guangzhou Automobile Corporation (GAC) is also opened in China.

On July 1st, 2013, Finaref changes name and becomes Sofinco.

In 2014, a new medium-term plan, Focus, defines the strategic orientations of the Group.

In 2015, CA Consumer Finance launches its CA-CF 3.0 project to accelerate its digital transformation.
The group’s various entities activate digitalisation on their respective markets.

In 2016, CA Consumer Finance launched a new strategic plan, CA CF 2020, to realise its «100% digital + 100% human = 100% CA CF » ambition.

On September 2017, the start of the convergence of Crédit Agricole Consumer Finance’s brands new identity in Europe is marked.


About us

Crédit Agricole Consumer Finance is a specialised subsidiary of Crédit Agricole S.A. With more than € 82 billion under management, operations in 17 countries in Europe, in Morocco and in China, Crédit Agricole Consumer Finance is a major consumer credit provider in Europe.