LCL and Crédit Agricole Bank Polska synergies support PGA expansion
Long-term bankers LCL provided support for the Volkswagen Group's sale of the PGA France* Group to the Swiss family-owned group Emil Frey, while making it possible for CA Bank Polska to contact PGA Polska. Thanks to this introduction from LCL, CA Bank Polska is now the main bank in Poland for PGA, which has 12 dealerships in the country. This successful operation perfectly demonstrates the power of the synergies between the Crédit Agricole Group's "retail bank" networks. Hailed by management, it will be the basis for developing a partnership with the Emil Frey Group, currently not a Crédit Agricole Group customer, which became after this operation the leading independent auto distribution group in Europe with consolidated sales of over €10B.
* the leading French network of multi-brand auto dealerships