Crédit Agricole Consumer Finance becomes Crédit Agricole Personal Finance & Mobility

The direction of the journey is clear: Crédit Agricole Consumer Finance offers new financing solutions and services that meet the changing needs of customers worldwide. And this change, which runs through the entire DNA of the company, is now being communicated even more clearly to the outside world in a new name – Crédit Agricole Personal Finance & Mobility.

“By becoming Crédit Agricole Personal Finance & Mobility, the company illustrates its ability to renew itself to support the new uses of its clients, supporting them in their energy and ecological transitions: renovating their homes, adopting electric mobility in the form of a subscription or in leasing, buying less energy-consuming household appliances in several monthly payments,” says Stéphane Priami, CEO of Crédit Agricole Personal Finance & Mobility.

Changing consumption needs and habits

The new name more clearly reflects the consumption needs and habits that have been disrupted over the past two decades with the advent of digital technology at the same time as environmental and societal awareness. The consumer is gradually moving towards use rather than ownership, particularly for his daily travel, favoring rental solutions for his car, he consumes more responsibly to equip his home.

Faced with these developments, Crédit Agricole Consumer Finance has adapted to provide new financing solutions and new services that meet the new needs and uses of its customers, while supporting the transitions necessary for society. By becoming Crédit Agricole Personal Finance & Mobility, the company promotes all of its businesses and its transformation.

“Personal Finance” illustrates all the financing solutions offered by its universal entities and which integrate new or used purchases, rental, payments in several installments, revolving credit, services, etc. Financing solutions have taken multiple forms and have thus become tools for managing personal expenses and financing projects.

In addition to being a leader in personal financing via its brands Sofinco in France and Spain, Creditplus in Germany, Agos in Italy, Credibom in Portugal and Wafasalaf in Morocco, Crédit Agricole Personal Finance & Mobility places mobility at the heart of its business model and has built a strategy to become a European leader in electric mobility. This is based on 3 international pillars: Leasys, a pan-European leader in long-term rental co-owned equally with Stellantis, Crédit Agricole Auto Bank and its subsidiary Drivalia, pan-European leader in automobile financing, rental and mobility, and Crédit Agricole Mobility Services, a complete catalog of services dedicated to mobility. This system is joined in France by the deployment of Agilauto, a platform for automobile leasing and eco-mobility solutions from CA Personal Finance & Mobility and CA Leasing & Factoring, which is aimed at individual, professional and corporate clients of the Regional Banks of Crédit Agricole and LCL, and Agilauto Partage, specialist in 100% electric car sharing in rural areas and businesses.

Every second activity is related to mobility

Mobility now represents 50% of CA Personal Finance & Mobility’s activity and it was therefore natural that it was integrated into the new company name. Alongside it, CA Leasing & Factoring, a subsidiary of the Crédit Agricole group, offers professionals, businesses and farmers formulas for access to mobility via long-term rental accompanied by a wide range of services. Mobility represents 50% of its leasing activity in France and internationally.