The group

PSA Banque France, Groupe PSA's captive finance company for Peugeot, Citroën and DS brands.

PSA Banque France finances vehicles throught Peugeot, Citroën and DS dealership network along with company fleet.

PSA BANQUE FRANCE

PSA Banque France is a credit institution offering competitive financing offers to Peugeot, Citroën and DS customers and retailer networks.

These offers are accompanied by a full range of insurance and services enabling customers to benefit from a global and consistent offer at the dealerships. The PSA Banque France Group also ensures the distribution networks of the three brands, the financing of their inventories of vehicles (new and used) and spare parts, as well as other financing such as that of the working capital requirement. .

Since February 2, 2015, PSA Banque France is the french joint venture of two shareholders, major players in their respective sectors: the PSA Group, through Banque PSA Finance (BPF), and Santander Consumer Finance (SCF), via its subsidiary Santander Consumer Banque. Each shareholder holds 50% of PSA Banque France.

PSA Banque France owns 100% of CREDIPAR, which finances private vehicles, which itself owns 100% of CLV (commercial name Free2Move Lease), dedicated to BtoB financing of company fleets .

Our agencies

PSA Banque France Group is nowadays present in 5 locations

Over 850 employees of PSA Banque France Group:

  • About 600 employees at headquarter in Genevilliers (92)
  • 100 employees for Free2Move Leaseare based at Poissy (78)
  • 150 employees for the commercial teams are dispatched between 3 locations : Grand Paris (Gennevilliers, 92), Grand Ouest (Rennes, 35) and Grand Est (Lyon, 69).

Products and services

PSA Banque France Group offers a large range of financing and insurance products and services :

Individual customer financing

The PSA Banque France Group finances the purchase and rental of new and used vehicles by individuals and corporate customers through the Peugeot, Citroën and DS dealer networks. Proposed financing includes credit sales as well as lease agreements with or without an option to purchase.
The majority of financing is for new vehicles. Financing is also available for the purchase of used vehicles of all car brands.

 

Distribution network financing

PSA Banque France offers financing solutions for inventories of new vehicles, demos, used cars and spare parts for Peugeot, Citroën networks and DS. In addition to this main activity, other types of financing are also offered to dealers of these brands to meet their operating needs (working capital, conventional current accounts ...) or investments.
Lines of credit may also be granted to dealers to finance the purchases of vehicles as part of commitments to take over or return rentals and balloon credits.
A regular, and at least annual, solvency review and overall situation of the dealerships is conducted by PSA Banque France  in order to adjust, if necessary, the limits of financing.

 

Insurance and services

For many years, PSA Banque France  has offered, with or without the financing offer, a complete range of insurance products and services related to either the person or the vehicle.
These products are  developed with "PSA Insurance "(the insurance business line held 50/50 by Banque PSA Finance and Santander Consumer Finance), partner insurers, and Peugeot, Citroën and DS brands for maintenance contracts or connected services.
"All-inclusive" offers are proposed for new vehicles, such as Citroën "Smile & Go" and "Peugeot Perspective", which  include financing, insurance and complementary services. 
For used vehicles, Citroën "Give Me 5" and "Peugeot Opportunities" include financing and a warranty extension or a maintenance contract.
The global approach around the sale of the vehicle, its financing and the proposal of complementary services during a single contact at the point of sale of the vehicle contributes greatly to the satisfaction and the loyalty of the customers.

 

Consumer savings

PSA Banque's consumer savings business enables PSA Banque France to be present in the online savings market while diversifying its sources of refinancing. DISTINGO savings accounts and fixed-rate deposit accounts are only available to retail investors, who are tax resident in France.

 

Main dates

1919 

André Citroën creates the SOVAC that allows him to offer financing for the purchase of his automobiles. He will cede this activity in 1927, to the Lazard Group.

1928

Peugeot creates DIN, in charge of its car financing business.

1979

CREDIPAR owned 50/50 by Peugeot SA and SOVAC is created.

1982

Creation of PSA Finance Holding, which brings together the financial activities of the Peugeot and Citroën brands.

1995

PSA Finance Holding becomes Banque PSA Finance. In the same year, GE Capital took control of SOVAC and became a shareholder of CREDIPAR.

1998

Groupe PSA takes control of the entire capital of CREDIPAR.

2015

Banque PSA Finance and Santander Consumer Banque SA, subsidiary in France of Santander Consumer Finance create the SOFIB group to jointly carry out banking operations in France. The corporate name of SOFIB was changed to PSA Banque France on July 18, 2016.