Group news / Crédit Agricole Auto Bank, Drivalia and Leasys celebrate a first year chock full of achievements and projects

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Thursday, 4 April 2024

Crédit Agricole Auto Bank, Drivalia and Leasys celebrate a first year chock full of achievements and projects

On 4 April 2023, CA Consumer Finance acquired FCA Bank and its subsidiary Drivalia (launched in October 2022), giving birth to Crédit Agricole Auto Bank, a pan-European leader in multi-brand vehicle finance. Meanwhile Leasys, a joint venture between Stellantis and CA CF and the European leader in long-term leasing, was created that same day.

Over the past year, the two brands have helped CA CF pursue its goal of becoming Europe’s number one green mobility operator and make tangible progress towards building a mobility continuum. Of the vehicles CA CF financed in 2023, 32% were new all-electric vehicles.

CA Auto Bank, which operates in 19 countries and had a €27 billion loan book at end 2023, has forged promising new partnerships while consolidating its European presence by acquiring ALD’s and LeasePlan’s business in four countries*. Its Drivalia subsidiary, now established in 14 countries, continues to expand its offering, which ranges from subscription-based services (CarCloud and Be Free Evo) to electric car-sharing and its newly launched circular economy-inspired remarketing platform Drivalia Future.

Leasys now operates in 11 European countries with a fleet of over 870,000 vehicles. By 2026, it aims to grow this to 1 million vehicles and wants electrified vehicles to account for one out of every two new contracts signed.

* Finland, Ireland, Norway and the Czech Republic.

Laure Belluzzo has been appointed CEO of Crédit Agricole Brie Picardie with effect from 2 April 2024. She had previously served as CEO of Crédit Agricole Technologies et Services since 2020.

Read the press release

To better support small businesses and corporates by providing appropriate solutions to help them achieve carbon neutrality, at the beginning of this year Crédit Agricole Leasing & Factoring (CAL&F) and Agilauto* set up 12 Mobility Centres of Expertise all over France. Fifty dedicated CAL&F and Agilauto employees are now offering the Regional Banks and LCL a full range of automotive mobility products and services, including a car-sharing offering with Agilauto Partage Corporate, and pooling their expertise with that of local teams.

* Agilauto, a subsidiary of Crédit Agricole Consumer Finance and Crédit Agricole Leasing & Factoring, offers mobility solutions for all Regional Bank and LCL customers.

Crédit Agricole Alsace Vosges has joined a programme to install and operate some 140 electric vehicle supercharging stations in France, contributing to a €75 million finance package led by a newly formed joint venture between DREAM Energy and Banque des Territoires. The Regional Bank is financing 12 stations located mainly within its territory, six of which are already in service. These stations will provide a full recharge in just 20 minutes. They will be installed along major roads, in hotel car parks and on retail and business parks.

New Procedural Memorandum NP 2024-13, “Management and valuation of collateral”, details checks to be carried out on eligible and ineligible collateral to reduce credit risk. It is related to NP 2024-14, “Guide to ongoing checks on the valuation and revaluation of real estate collateral by an independent appraiser”, which sets out the scope and ongoing control arrangements applicable to entities that use internal or external independent real estate appraisers to value or revalue real estate offered as collateral. Both memoranda can be found online at the Affaires Générales site.

Read the memoranda

Quarterly scenario: normalisation(s)?

Friday 5 January at 10:00 a.m.

Normalisation is taking shape but is likely to be “imperfect”. Despite some hiccups, inflation has ended up slowing, but its landing point in the US looks set to overshoot the target. Meanwhile, price levels in the eurozone risk becoming a problem and, ultimately, hampering growth. Inflation has led central banks to keep interest rates high for a long period; it’s finally time to lower them, albeit cautiously.

Château Meyney opens its doors

6 and 7 April, 10:00 a.m. to 6:00 p.m.

Grapes have been grown at Château Meyney, acquired by the Crédit Agricole group in 2004, since before 1625. The vineyard, which spans 126 unbroken acres, benefits from a local microclimate linked to its proximity to the Gironde estuary, which acts as a natural temperature regulator and contributes to the character of the wines produced.

The estate is open to visitors keen to learn about its four centuries of history, taste its wines, or enjoy on-site food options and activities, including for children.

Video

VIDEO

What is the Digital Operational Resilience
Act (DORA) and what is the Group doing to prepare for it?

Watch the fourth episode of Digit Mag, the video magazine that takes an in-depth look at IT-related topics to expand teams’ knowledge and support the digital transformation.
In this episode, learn about DORA and its impacts on the Crédit Agricole group with experts from Crédit Agricole S.A., Crédit Agricole Group Infrastructure Platform, Crédit Agricole Technologies et Services and a partner: Microsoft.

The long-term impact of slippage in France’s public finances

Last week, French statistics institute INSEE published the first results of the general government national accounts for 2023. They are far from the targets set out in last autumn’s Budget Bill for 2024 and suggest that the public finances will have even less room for manoeuvre over the coming years.

Find out more