Bank Postale and BNP Paribas mobility partners
The Postal Bank and BNP Paribas have just announced their new partnership in the mobility market. Their rapprochement is particularly concerned with the launch, by La Banque Postale, of new rental solutions with option of purchase or long term rental.
FACTS
- The new partnership discussed between the two groups concerns in particular the consumer credit subsidiary La Banque Postale Consumer Finance (LBPCF) and the BNP Paribas Mobility division.
- The latter must put its expertise in sustainable mobility at the service of its new partner, even if the discussions are still at the stage of exclusive negotiation at present.
- In concrete terms, however, this rapprochement should focus on the deployment, in early 2026, of a new platform by La Banque Postale, which will thus be able to offer its customers:
- new and used low-emission vehicles,
- associated financing solutions (Achat Option (LOA) and Long Term Rental (LDL),
- dedicated insurance.
- The products offered will come from the range of offers offered by CNP Assurances, Arval, BNP Paribas Personal Finance and BNP Paribas Cardif.
ISSUES
- Responding to competition : The mobility market, and the trend of more responsible mobility, are already mobilising many banking players like Crédit Agricole, which was transforming Credit Agricole Consumer Finance in Crédit Agricole Personal Finance & Mobility to reinforce its ambitions on the theme last May.
- Meeting needs : The Bank Postale today justifies the launch of its new platform with its ambition to meet the needs of its customers, offering them solutions in line with new uses. All with respect for the environment.
PERSPECTIVE
- The Bank Postale is obviously not in its first foray into the mobility market. It also emphasises its position on the market since 2009 and proposed, for example, a auto loan green to also stick to the eco-responsible trend.
- At the group level, La Poste has been seeking, since September 2016, to infuse sustainable environmental values to promote self-sharing.
- More recently, La Banque Postale announced also a partnership with Kuba France at the service of mobility.
- As regards BNP Paribas, its activity in the mobility market is more institutional, notably carried by its subsidiary Arval For years. The group submitted Moreover, its personalized mobility platform in October 2023.
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