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  • 2016/10/14
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€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.

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