Following the 100% takeover of FCA Bank, Crédit Agricole Consumer Finance has announced the creation of Crédit Agricole Auto Bank.
In a statement, the Bank said its ambition is to become a multi-brand player in vehicle financing and leasing and in the mobility sector, with a target of at least €10 billion in outstandings by 2026 with 80% of the portfolio of new vehicles being “green” (either full-electric or hybrid).
CA Auto Bank, which positions itself as the new “mobility bank for a better planet,” intends to lead in energy transition, making access to zero- and low-emission vehicles increasingly democratic and affordable for all.
This new name represents a strong signal of its desire to accelerate its development in mobility, it said.
Crédit Agricole Consumer Finance has onboarded 1,900 new team members from CA Auto Bank and its subsidiary Drivalia, specialising in rental and mobility, who are joining the CA Consumer Finance group, which has more than 10,000 employees and covers 19 countries.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData