On 24rd July Banque PSA Finance and Banco Santander Brazil signed a framework agreement for the creation of a joint venture in Brazil.
This operation is part of the partnership strategy deployed by Banque PSA Finance in most of the 23 countries where it operates and, especially with the ongoing development cooperation in 11 European countries with Santander Consumer Finance.
Rémy Bayle, CEO of Banque PSA Finance, said: "With the backing of a major banking group, Banque PSA Finance provides with this new partnership, a secured refinancing of its operations and thus offer to the brands, their dealers and customers financing solutions at the best level of competitiveness in this market. "
Link to press release
