Financial presentation of PSA Banque France

Investors

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A refinancing policy that has diversified since 2015.

At December 31, 2018, the refinancing of the PSA Banque France Group was split as follows:

  • 5% came from drawn bank loans ;
  • 21% from negotiable debt security issuances and the first three EMTN bond issues on the capital markets ;
  • 20% of repayable funds from the public in relation to the deposit activity ;
  • 21% from securitization transactions ;
  • 10% from other external refinancing (of which 7% from the ECB) ;
  • 22% from intra-group credit lines granted by Santander Consumer Finance ;
  • 1% of subordinated debt subscribed in equal parts by each of the two shareholders.

PSA Banque France in brief

PSA Banque France Group is the credit institution that consolidates Groupe PSA's financing activities in France for Peugeot, Citroën and DS brand customers and distribution networks.

PSA Banque is a partnership joint venture (50/50) between Banque PSA Finance and Santander Consumer Finance through its French subsidiary Santander Consumer Banque SA.

PSA Banque France offers financing, insurance and services as well as savings to the general public in France.

PSA Banque France 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 solutions include credit sales as well as leasing with or without an option to purchase.
For the Peugeot, Citroën and DS distribution network in France, PSA Banque France offers financing solutions for new, used and demonstration vehicles along with spare parts.

PSA Banque France refinancing strategy is based on the diversification of its sources of liquidity.

Since 2015, PSA Banque France Group has received intra-group financing directly from Santander Consumer Finance, in addition to the financing provided by debt securitization transactions, retail savings inflow from French customers, bilateral bank credit lines, and access to the refinancing operations of the European Central Bank (ECB).

After the first issues of negotiable debt securities in 2016, the strategy to diversify refinancing sources continued in 2017 and 2018 through the development of access to capital markets, specifically with tree bond issues under the EMTN program, in January and September 2017 and then April 2018, for €500 million each.

PSA Banque France Group is the credit institution that consolidates Groupe PSA's financing activities in France for Peugeot, Citroën and DS brand customers and distribution networks.

PSA Banque is a partnership joint venture (50/50) between Banque PSA Finance and Santander Consumer Finance through its French subsidiary Santander Consumer Banque SA.

PSA Banque France offers financing, insurance and services as well as savings to the general public in France.

PSA Banque France 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 solutions include credit sales as well as leasing with or without an option to purchase.
For the Peugeot, Citroën and DS distribution network in France, PSA Banque France offers financing solutions for new, used and demonstration vehicles along with spare parts.

PSA Banque France refinancing strategy is based on the diversification of its sources of liquidity.

Since 2015, PSA Banque France Group has received intra-group financing directly from Santander Consumer Finance, in addition to the financing provided by debt securitization transactions, retail savings inflow from French customers, bilateral bank credit lines, and access to the refinancing operations of the European Central Bank (ECB).

After the first issues of negotiable debt securities in 2016, the strategy to diversify refinancing sources continued in 2017 and 2018 through the development of access to capital markets, specifically with tree bond issues under the EMTN program, in January and September 2017 and then April 2018, for €500 million each.

Investors presentation 2019
12/06/2019
pdf
1.15 MB

FINANCE DOCUMENTATION

Securitization

Solid expertise for more than 10 years with regular launch of AUTO ABS operations.

Rating

PSA BANQUE FRANCE is rated by two rating agencies: Moody's Investors Service Ltd. and Standard & Poor's Credit Market Services France S.A.S.

Debt Program

The PSA BANQUE FRANCE group is a regular issuer in the capital markets and has several debt issuance programs (NEU CP, NEU MTN, EMTN)

Last financial report

2018 Annual Report

Find the annual financial results of PSA Banque France Group.