Banque PSA Finance
| Banque PSA Finance SA | |
|---|---|
|
|
| Country |
 France
|
| Seat | Paris |
| legal form | SA |
| BIC | PSABFRPPXXX |
| Website | www.banquepsafinance.com |
| Business data | |
| Total assets | € 28.72 billion |
| management | |
| Corporate management |
Jean-Baptiste Chasseloup de Chatillon |
The Banque PSA Finance SA is the financial subsidiary of the automaker PSA Peugeot Citroen . Banque PSA has a direct presence in 20 countries. The brands represented are Peugeot, Citroën and DS.
history
The history of PSA Bank goes back to the early days of industrial car production. As early as 1919, CITROËN founded the company's own finance company SOVAC (Société de Ventes A Crédit). In 1928 PEUGEOT followed with the finance company "Din". PSA Bank has been active on the German market since 1973 with its headquarters in Neu-Isenburg. The car bank founded at that time as Chrysler Credit Bank GmbH was taken over by PSA Financial Holding in 1980, four years after the merger of PEUGEOT and CITROËN.
Since then, the bank has been renamed PSA Creditbank GmbH in 1995 and changed its name to PSA FINANCE Deutschland GmbH in 1999. Since then, customers and trading partners have been approached with a separate branding as CITROËN or PEUGEOT Bank. In 2005 the company name changed with the legal form and the bank operated as BANQUE PSA FINANCE SA branch Germany until 2016.
In 2014, Groupe PSA concluded a financial cooperation with Santander Consumer Finance, which provided for cooperation in eleven countries, including Germany and Austria. On July 1, 2016, the newly established PSA Bank Deutschland GmbH emerged from this joint venture, in which Groupe PSA and Santander Consumer Finance each hold 50 percent. Since then, PSA Bank Deutschland GmbH has been fully responsible for the operational business of the German and Austrian branches of the former BANQUE PSA FINANCE SA The management of PSA Bank Deutschland GmbH is the responsibility of Ms. Michelle Giblin and Mr. Jean-Marc Plumyène. The company currently employs around 250 people.
Products
PSA Bank Deutschland GmbH finances both the retail networks and customers of the Peugeot, Citroën and DS Automobiles brands in Germany and Austria. The offer for dealers extends to the purchase financing of new and used vehicles, working capital loans, the financing of spare parts and accessories as well as direct accounts and the administration of vehicle letters. PSA Bank Deutschland GmbH offers its customers the classic range of services of a car bank. This includes financing for new, demonstration and used vehicles (installment financing, balloon financing), leasing and service leasing, service offers such as B. inspection, maintenance, extended warranty etc. and repair financing. There are also special leasing offers for commercial and fleet customers. The insurance service of PSA Deutschland GmbH includes insurance brokerage in the areas of motor and property business, residual debt and rental insurance as well as fleet insurance.
In addition to the classic business of a car bank, the joint venture also established its own deposit business for refinancing and portfolio expansion. Since 2014, day and time deposit accounts have also been offered primarily via the Internet under the PSA Direktbank brand.
In Austria
Since 1990 there has been an Austrian branch based in Vienna. The branch manager is Oliver Mang. The branch has 39 employees and total assets of € 300 million.