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Banque PSA Finance, Santander Consumer Finance launch JV in Poland

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Banque PSA Finance, Santander Consumer Finance launch JV in Poland

The joint venture between Banque PSA Finance SA and startedoperations in Poland, effective Oct. 3, completing the rollout of the venture tothe 11 European countries it will serve.

The joint venture will provide wholesale financing toPeugeot, Citroën and DS dealers in Poland, as well as retail financing to thedealers' customers. Its launch completes the implementation of theframework agreementbetween Banque PSA Finance and Santander Consumer Finance in July 2014.

The partnership between Banque PSA Finance and the Santandergroup was extended to Brazil in August.

PSA PeugeotCitroën SA is the parent company of Banque PSA Finance, whileSantander Consumer Finance is a unit of Banco Santander SA.