Banque PSA Finance and Santander Group extend partnership from Europe to Brazil
- Joint ventures in Brazil began operating on 1 August 2016.
- The partnership is now operational in Brazil and in 10 European countries.
Partnership between Banque PSA Finance and Santander Group extends in Brazil.
Following the 24 July 2015 announcement that a framework agreement had been signed between Banque PSA Finance and Banco Santander Brazil, in addition to the signing of an European partnership agreement between Banque PSA Finance and Santander Consumer Finance, joint venture activities started up in Brazil on 1 August 2016.
The joint ventures will provide wholesale financing to Peugeot, Citroën and DS dealers, as well as retail financing to the dealers' customers, and the sale of insurance products in these networks.
The partnership is helping to strengthen the competitiveness of Banque PSA Finance in Brazil to the benefit of the three Brands’ Peugeot, Citroën and DS’ customers.