CA Consumer Finance and Bankia in exclusive negotiations to form partnership
CA Consumer Finance and Bankia, Spain's fourth largest bank, have entered into exclusive negotiations for setting up a joint company in the consumer credit field. This partnership will facilitate CA CF's entry into Spain, the Eurozone's fourth-largest consumer credit market. CA CF will draw on Bankia's network and multichannel banking model. This partnership will also allow Bankia to have a subsidiary dedicated to consumer credit, a growing market in Spain. Bankia will draw on CA CF's expertise in managing partnerships.