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RCI Banque announces €422 million first half year earnings

RCI Banque

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31 July 2015

RCI Banque has announced that its 2015 first-half earnings before tax are €422 million; this is an increase of 17.5% compared to the end of June last year. Average outstanding performing loans have increased by 11.1%, amounting to €27.6 billion.

New financings totals were €7.7 billion, which is a 29.2% growth in the period. The penetration rate on the Alliance manufacturers’ deliveries reached 36.5%, which is a 3.1-point increase compared to first-half of 2014.

RCI Banque raised €4.6 billion during the first semester 2015, which is equal to the total of funds raised in 2014.

Additionally, total retail savings deposits increased, with deposits collected at the end of June 2015 totalling €7 billion, accounting for over a quarter of RCI Banque’s average outstanding performing loans.

Launched on June 8th, RCI Banque continued to expand its retail collections through RCI Bank UK.

Dominique Thormann, Chairman of RCI Banque, said;

“Results achieved during the first semester confirm RCI Banque’s momentum towards reaching its objectives. Thanks to the commitment of the whole firm, operations delivered a high-level profitability, contributing to the success of the Renault-Nissan Alliance.”

Gianluca De Ficchy, Chief Executive Officer of RCI Banque, said;

“RCI Banque’s sales performance continued improving during the first half, consistent with the group’s growth strategy. This was supported by a strong performance of financing operations and by the launching of new services. Growth in retail deposits reinforced RCI Banque’s funding competitiveness.”

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