FCA Bank 90 years driving to the future

Wednesday, April 29, 2015

FCA Bank, A joint venture between FCA Italy S.p.A. (a company of the Fiat Chrysler Automobiles Group) and CA Consumer Finance S.A. (a company of the Crédit Agricole Group), having become a holding company of an international banking group in January, turns 90 on 25th April.

A dedicated "90 years driving into the future" logo has been designed to celebrate the event, not only with reference to the past but also summarizing the dynamic and ever developing spirit of FCA Bank.

The slogan encapsulates in a few words the philosophy of this Company, capable of progressing over time, constantly improving innovation and flexibility, in order to promptly respond to changes that have occurred, over the years, in the various social and economic contexts.

The FCA Bank journey began in Turin on 25th April 1925, on the same day that, 20 years later, would become Italy's historic Liberation Day.

On 25th April, nine decades ago, S.A.V.A., Società Anonima Vendita Autoveicoli, was incorporated: the era of dedicated automotive financing had begun. Since that day, the dream of owning a car became a reality for many families.

Within a short period of time, the Company first entered the German market before expanding into France and in the following years, into many other markets as well: FCA Bank currently operates in 16 European countries.

With strength, determination and professionalism, FCA Bank constantly developed itself, right up to the time it reached a significant turning point in 2006, when Europe's first joint venture between a car manufacturer and a bank was established: Fiat Auto S.p.A. and Crédit Agricole Consumer Finance created Fiat Auto Financial Services, which took over from S.A.V.A. The Company's activities continued to be aimed at providing financial services to support the Fiat Group (later Fiat Chrysler Automobiles) sales in Europe. In 2009 Fiat Auto Financial Services changed name and became FGA Capital, consolidating its role on the international scene, and becoming an increasingly important player in the European automotive financing sector. In 2013 the agreement between Fiat Chrysler Automobiles and Credit Agricole was renewed until 2021.

14th January 2015 marked a further, crucial change: FGA Capital, after receiving it's banking license from the supervising authority, became a Bank and strengthened its structure, although it continues to preserve its automotive captive mission, focusing on the needs of those customers interested in buying or renting a car - "FCA Bank is the Bank dedicated to motorists, born to provide even more value to those who choose a car", as highlighted by the launch press campaign.

FCA Bank now enters a new, healthier future, ready for new challenges, through a range of even more diversified products and services adaptable to any specific requirement.

90 years of commitment. 90 years of competence in the financial services business. 90 years of passion for the automotive industry. 90 years which began on a distant 25th of April, deemed to become history: this is FCA Bank, a Company that's been looking to the future since 1925. Discover this fascinating history in the dedicated section of FCA Bank site created to celebrate the event (www.fcabankgroup.com).

Turin, 24th April 2015

FCA Bank

FCA Bank is a bank operating mainly in the motor financing sector aimed at satisfying all mobility requirements and is a joint venture between FCA Italy, part of Fiat Chrysler Automobiles, the global automotive group and Crédit Agricole Consumer Finance a major player in the consumer finance market. The company manages most of the financial activities to support the sales of prestigious automotive brands in Europe. Financial and leasing programs are operated by FCA Bank and specifically designed for the dealer networks and private customers as well as for business fleets. FCA Bank SpA is present in 16 European countries either directly or through its subsidiaries. At the end of 2014 FCA Bank reported a portfolio of outstanding loans worth €14.7 billion.

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Choose your market
fiat.com
fiatusa.com
fiatcanada.com
fiat.com - official global portal of the Fiat brand
fiatusa.com - Fiat Usa official portal
fiatcanada.com - Fiat Canada official portal