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0Press review
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
2023/09/06 -
0Press review
Crédit Agricole Consumer Finance enters the capital of Hiflow with the ambition to strengthen its offering and accelerate internationally
As 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
2023/09/05 -
0Press review
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
2023/09/05
History
Our History
Crédit Agricole Consumer Finance was born from the merger between Sofinco and Finaref in April 2010.
Founded in 1951, Sofinco joined Crédit Agricole S.A. in 1999.
Finaref was created in 1970 and in 1992 became a subsidiary of the Kering Group (formerly PPR). In 2003, Crédit Agricole S.A. acquired Finaref.
On April 1, 2010, CA Consumer Finance was created, resulting from the merger of Sofinco and Finaref.
On July 1, 2013, Finaref changed its name to Sofinco.
At the same time, in 2006, Sofinco and Fiat joined forces to create a joint venture in automobile financing. Originally named FGA Capital, it became FCA Bank in 2015.
In 2022, following the merger between FCA and PSA, Crédit Agricole Consumer Finance and Stellantis signed the final agreements for their enhanced partnership. They create together via a 50-50 joint venture a pan-European leader in long-term rental (LTR): Leasys. In addition, Crédit Agricole Consumer Finance took over 100% of the capital of CA Auto Bank (formerly FCA Bank) and Drivalia in April 2023 with the ambition of making it a pan-European player in car financing, rental and mobility.