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0Press review
The CAR Avenue group, CA Auto Bank, Crédit Agricole de Lorraine and LCL announce their partnership to support the development of the dealer in Europe
The CAR Avenue Group has chosen Crédit Agricole and its entities (Crédit Agricole Auto Bank, Crédit Agricole de Lorraine, LCL) to support its growth in Europe. In particular, Crédit Agricole Auto Bank has become CAR Avenue’s financial partner, distributing its financing solutions under the CAR Avenue Financial Services brand.Consult the press release
2025/02/13
History
Our History
Crédit Agricole Personal Finance & Mobility was born from the merger between Sofinco and Finaref in April 2010.
Founded in 1951, Sofinco joined Crédit Agricole S.A. in 1999.
Finaref was created in 1970 and in 1992 became a subsidiary of the Kering Group (formerly PPR). In 2003, Crédit Agricole S.A. acquired Finaref.
On April 1, 2010, Crédit Agricole Personal Finance & Mobility was created, resulting from the merger of Sofinco and Finaref.
On July 1, 2013, Finaref changed its name to Sofinco.
At the same time, in 2006, Sofinco and Fiat joined forces to create a joint venture in automobile financing. Originally named FGA Capital, it became FCA Bank in 2015.
In 2022, following the merger between FCA and PSA, Crédit Agricole Personal Finance & Mobility and Stellantis signed the final agreements for their enhanced partnership. They create together via a 50-50 joint venture a pan-European leader in long-term rental (LTR): Leasys. In addition, Crédit Agricole Personal Finance & Mobility took over 100% of the capital of CA Auto Bank (formerly FCA Bank) and Drivalia in April 2023 with the ambition of making it a pan-European player in car financing, rental and mobility.