RCI Banque, which offers finance to Renault-Nissan Alliance vehicle buyers, reported record sales in 2014, booking over 1,245,000 new and used car financing contracts, up 7.3% year on year versus 2013.
Its share of the Alliance automakers’ deliveries was 35.2%, up 0.6 points. New financings reached EUR12.6bn, up 10.6% from 2013.
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Average performing loans outstanding amounted to EUR25.4bn, up 4.9%. But earnings before tax declined 9.4% to EUR674m due mainly to negative exchange rate impact (EUR27m) and one-off items of EUR76 million.
Net banking income fell 0.9% to EUR1.21bn
“The strong start of the first year of the strategic plan reinforces RCI Banque in its ability to reach its objectives. Thanks to the engagement of the whole firm, the group delivered a high level of profitability from its operations, hence contributing to the success of the Renault-Nissan Alliance,” said chairman Dominique Thormann in a statement.
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