€5 billion inflows: great success for CA Consumer Finance and its all-digital deposits activity
A great success for CA Consumer Finance and its all-digital deposits activity, with outstanding of over 5 billion Euros.
To diversify its sources of financing and increase its level of self-financing, CA CF launched this activity in Germany in 2014, building on the success of its subsidiary CreditPlus in this area.
CA CF uses the European passporting system, which allows any bank with a banking licence to carry out its business in another country of the European Union.
CA CF therefore offers a savings product to the residents of the countries in question, Germany, Austria since June 2015, then Spain since March, in partnership with Bankoa. FCA Bank - the CA CF and Fiat Chrysler Automobiles joint venture - has introduced this activity in Italy.