10 April 2018

FCA Bank S.p.A. and Aston Martin announce new european partnership

 

FCA Bank S.p.A., joint-venture between FCA Italy and Crédit Agricole Consumer Finance, and Aston Martin Lagonda have announced a new strategic partnership for FCA Bank to provide financial services to European Aston Martin dealers from March 2018. The new agreement will see the 36 dealers across mainland Europe benefit from the significant experience and expertise provided by FCA Bank which provides a similar service for a number of premium automotive brands.

 

Speaking at the recent Geneva International Motor Show, Christian Marti, Vice President and Chief Sales Officerof Aston Martin said "We are delighted to add FCA Bank as a strategic partner. Their significant expertise in the area of luxury vehicle financing along with their ability to enhance the strength of the dealer network comes at a perfect time for Aston Martin as we continue the implementation of our strategic plan for sustainable long-term growth".

 

Giacomo Carelli, CEO of FCA Bank S.p.A commented: "We are delighted to have been selected as the finance provider for Aston Martin across mainland Europe which is a further endorsement of our success in providing captive finance and mobility services arrangements to strategic OEM partners. Aston Martin is an iconic British brand and this year, we will of course see the very important launch of the new Aston Martin Vantage across Europe. We are very much looking forward to being a part of the launch of new Vantage as well as contributing to the continued success of the Aston Martin brand".

 

Turin, 10 April 2018

 

FCA Bank S.p.A.

FCA Bank S.p.A. is a bank mainly engaged in car financing and associated services. with the objective of meeting all mobility requirements and has a presence in 17 European countries and in Morocco, directly or through subsidiaries. 
FCA Bank S.p.A. is an equally held joint venture between FCA Italy (a company of global car manufacturer Fiat Chrysler Automobiles) and Crédit Agricole Consumer Finance (a subsidiary of Crédit Agricole S.A.). As of 31 December 2017 FCA Bank S.p.A. reported a portfolio of around €24 billion, a net profit of €383 million with CET1 ratio of 12,0%. Rating agencies have reconfirmed FCA Bank's growth with: A3 Deposits L/T (Moody's), BBB+ L/T (Fitch) and BBB L/T (Standard & Poor's). FCA Bank S.p.A. provides both retail and wholesale financing solutions for 12 brands (including JLR) across its operating perimeter. Long-term rental solutions are provided by Leasys Group, a wholly-owned company of FCA Bank S.p.A. key player in the Italian market and currently expanding in Europe

 

 

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