Stellantis launched a new structure for its financing and leasing services in Europe. In partnership with BNP Paribas Personal Finance and Santander Consumer Finance, Stellantis rebranded Banque PSA Finance as Stellantis Financial Services, which will have a single financing entity per country covering all Stellantis brands.

In addition, Stellantis also created a multi-brand operational leasing company branded as Leasys, which is a consolidation of Leasys and Free2move Lease and a 50/50 joint venture with Crédit Agricole Consumer Finance. Leasys plans to reach a fleet size of 1 million vehicles by 2026. Through the joint venture, Stellantis and Crédit Agricole Consumer Finance signed a binding agreement for the acquisition of ALD and LeasePlan’s activities in Portugal and Luxembourg.

“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” Philippe de Rovira, chief affiliates officer for Stellantis, said. “This simplification allows for superior agility to serve our customers, better support of the commercialization across Stellantis brands and strengthened competitiveness by leveraging various synergies.”

Stellantis also confirmed that Crédit Agricole Consumer Finance acquired the 50% stake in FCA Bank Group that was previously owned by Stellantis.