Banque PSA Finance and Santander Group Extend Partnership from Europe to Brazil

Regulatory News:

PSA (Paris:UG):

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.

About Banque PSA Finance
Closely aligned with the sales policies of the Peugeot, Citroën and DS brands, Banque PSA Finance provides financing of vehicle sales by the three brands' dealers in the 20 countries where it operates, on a standalone basis or through joint ventures. The cooperation agreement signed in July 2014 with Santander Consumer Finance and related to the creation of dedicated local partnerships or commercial agreements in 11 European countries, and the agreement signed on 24 July 2015 with Banco Santander Brasil, reinforce the competitiveness of the PSA Group brands in Europe and in Brazil.
For more information, please visit http://www.banquepsafinance.com

About PSA Group
With its three world-renowned brands, Peugeot, Citroën and DS, the PSA Group sold 3 million vehicles worldwide in 2015. Second largest carmaker in Europe, the PSA Group recorded sales and revenue of €54 billion in 2015. The Group confirms its position of European leader in terms of CO₂ emissions, with an average of 104.4 grams of CO₂/km in 2015. With a fleet of 1.8 million connected vehicles on the road worldwide, the Group is on the cutting edge of innovation in this field, and is expanding its services as a mobility provider. It is also involved in financing activities (Banque PSA Finance) and automotive equipment (Faurecia). For more information, please visit groupe-psa.com/en

Communications Division - www.groupe-psa.com/en - +33 1 40 66 42 00 - @GroupePSA

View source version on businesswire.com: http://www.businesswire.com/news/home/20160801006415/en/