Following the 10 July 2014 announcement that a framework partnership agreement had been signed between Banque PSA Finance and Santander Consumer Finance, the joint venture in Poland began operating 3 October 2016.
The joint venture will provide wholesale financing to Peugeot, Citroën and DS dealers in Poland, as well as retail financing to the dealers’ customers.
The partnership is now operational in all 11 European countries.2
Launched successively since February 2015, the joint ventures in Europe have already helped to boost the Group’s competitiveness and improve its results across the continent.
With the partnership now fully operational, Banque PSA Finance can benefit from particularly favourable refinancing conditions and offer highly competitive rates to Peugeot, Citroën and DS customers.
The partnership between Banque PSA Finance and the Santander Group was extended to Brazil in August 2016.
