BNP Paribas wants to increase its revenue from mobility

BNP Paribas wants to increase its revenue from mobility



During the BNP Paribas Mobility Day event, the French bank announced its ambition, for 2025, to increase its revenues from the mobility sector by one billion euros. In addition, the group announces for the first half of 2023 an “all-in-one” platform.

The French bank plans to increase its revenue from mobility from 1.9 billion to 2.9 billion euros.

Increase from 1.9 billion euros to 2.9 billion euros in revenue from mobility through our transversal activities”announced Thierry Laborde, Deputy Chief Executive Officer of BNP Paribas, on the occasion of the BNP Paribas Mobility day event on October 12, 2022. A desire to achieve nearly a billion euros in additional turnover in the sector by relying therefore on the synergies between the different branches of the French bank. At the same time, the company reaffirmed its ambition to achieve zero carbon by 2025.

To achieve this objective, the bank intends to use all of its know-how from long-term leasing, retail and network financing, insurance, and even infrastructure financing. In this regard, BNP Paribas has in particular forged links with Ionity to double its capacity in Europe, or with Arcelor Mittal via a collaboration between Engie and Arval, to renew its 650 vehicles in Belgium. In addition, the French bank has reinforced support for the automotive sector with “three major partnerships” with builders.

Read also : Charlotte Dennery, BNP Paribas Personal Finance: “In 2025, the automobile will account for 50% of our assets”

Thus, BNP Paribas won the call for tenders with Jaguar Land Rover in nine European countries, to offer all the brand’s customers a unique solution ranging from the long-term rental offer (LLD) to rental with purchase option, through insurance. “This is the best of Arval, BNP Personal Finance and Cardif“, is satisfied Thierry Laborde. Concerning Stellantis, the French bank won two calls for tenders in two European countries “important in the automotive sector“: in Germany and England, in order to be the captive of Stellantis, for all its brands, in these two countries. In addition, BNP Paribas takes care of all the insurance part via Cardif of the Volkswagen group.

The bank can count on its long-term rental branch with Arval, which it hopes to make “the European leader in mobility by 2025″. The latter therefore focuses its entire strategy on electric mobility and supporting companies with multimodality.

Read also : Good momentum for Arval in the first quarter of 2022

Reflecting their desire to create synergy between the different sectors covered by the French bank, BNP Paribas has also announced the arrival of an “all-in-one” digital platform in the first half of 2023. The latter should allow customers, via the Mabanque site or through the application, to find a vehicle in relation to their needs, their budget and their desires. From their research, it will emerge the mode of financing recommended by the bank, between credit, LLD, LOA, but also insurance.

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