Strengthened partnerships
with the automotive sector
In 2021, BNP Paribas continued to support the automotive sector, to which it has close ties. BNP Paribas Personal Finance signed a framework agreement with Stellantis to become the sole partner for its financing activities for its brands in three strategic markets: Germany, Austria and the United Kingdom. BNP Paribas Personal Finance, Arval and BNP Paribas Cardif have also combined their mobility expertise in a partnership with Jaguar Land Rover. The objective? To provide the dealership network and the manufacturer’s customers with a complete range of solutions, including inventory financing, traditional loans, leasing with purchase option, and long‑term leasing, as well as insurance solutions as of early 2023. Nine countries will benefit from this agreement: France, Germany, Italy, Spain, Belgium, Luxembourg, the Netherlands, Austria and Portugal. Lastly, the Group coordinated the various divestments of Stellantis’ capital operated by the Chinese manufacturer Dongfeng Motor following the merger between PSA and FCA.
Supporting
French listed companies
Following the French Ministry of the Economy and Finance’s initiative to support French listed companies and protect them against hostile takeover attempts, Bpifrance (Banque Publique d’Investissement) launched the "Lac 1" investment fund in May 2020. With an investment capacity of €4.2bn BNP Paribas Cardif is one of the fund’s main subscribers together with the French State via Bpifrance and Mubadala Investment Company, Abu Dhabi’s sovereign fund, which have each invested €1bn. The fund targets an investment capacity of €10bn.
A MAJOR CONTRIBUTION BY THE GROUP
Several of the Group’s entities contributed to the creation and development of this fund. BNP Paribas Corporate Finance was mandated to structure the fund and advise Bpifrance in its search for investors. As custodian of the fund, BNP Paribas Securities Services ensures the custody of its assets and the settlement of transactions. Global Markets and Global Banking also developed innovative hybrid financing for the fund.