BNP Paribas Personal Finance has been selected as Stellantis’ exclusive partner for its captive in Germany, Austria and the UK.
Headquartered in Amsterdam, Stellantis is a manufacturing corporation formed from a cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles and the French PSA Group.
Stellantis’ brands in Germany, Austria, and the UK account for 40 per cent of all new vehicle registrations in Europe.
The partnership is part of a strategic objective to have 50 per cent of the group’s outstanding loans related to mobility by 2025, says BNP Paribas Personal Finances. The mandate almost doubles its assets in Germany and the UK; increasing outstanding by approximately €6 billion.
The agreement has also been signed as part of a wider effort to increase sustainable mobility in Europe.
Thierry Labord, CEO of BNP Paribas, comments: “We are delighted to reach a new step in the collaboration initiated with Stellantis in 2017. We look forward to bringing our diversified expertise in financing and developing mobility across Europe to Stellantis.”
