Extension of FCA Bank partnership between Fiat Chrysler Automobiles and Crédit Agricole

Shareholders have agreed to extend the term of their alliance to ensure the long term sustainability of FCA Bank

Fiat Chrysler Automobiles ("FCA"), Crédit Agricole S.A. ("CASA") and Crédit Agricole Consumer Finance (“CACF”) have reached an agreement for the extension of their 50/50 Joint Venture in FCA Bank up to 31 December 2022.





CACF and FCA have agreed to extend the term of their alliance in respect of FCA Bank to ensure the long term sustainability of FCA Bank, the captive finance company that handles FCA's main financing activities in retail auto financing, dealership financing, long-term car rental and fleet management, combined with innovative insurance and mobility solutions, in the main European countries.

FCA Bank will continue to benefit from the financial support of the Crédit Agricole Group while continuing to strengthen its position as an active player in the securitisation and debt capital markets.

15.02.2018

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