RCI Bank
October 7, 2024
RCI Bank: Issues 5-year fixed-rate bonds worth CHF 120 million
RCI Banque announced the issuance of a CHF 120 million bond with a maturity of five years and a coupon of 2.015%.
The success of this transaction demonstrates investor interest in RCI Banque’s name and the company’s ability to diversify its funding sources.
About Mobilize Financial Services
Mobilize Financial Services, a subsidiary of Groupe Renault, takes into account the needs of all customers and creates innovative financial services to build sustainable mobility for everyone. Mobilize Financial Services, which started business almost 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for Groupe Renault customers and networks, and also in several countries. also covers Nissan and Mitsubishi brands.
With operations in 35 countries and approximately 4,000 employees, Mobilize Financial Services financed more than 1.2 million contracts (new and used vehicles) and sold 3.9 million services in 2023 . At the end of June 2024, average earning assets were €54.9 billion in loans and profit before tax was €553 million.
Since 2012, the Group has a deposit-taking business in several countries. At the end of June 2024, net deposits amounted to €29.4 billion, representing 50% of the company’s net assets.
For more information about Mobility Financial Services, please visit www.mobileize-fs.com/.
Follow us on Twitter: @Mobilize_FS
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