Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• international retail banking and financial services

CETELEm

Having pioneered consumer credit in 1953

and online credit in 1997, Cetelem is no. 1 in

France and continental Europe (1) with more

than EUR 53 billion in outstanding loans as

at 31 December 2006, 42% of which is outside

France. Cetelem today has more than

20,000 employees throughout the world (including

LaSer-Cofinoga).

For more than 50 years, Cetelem has contributed

to making consumer credit a modern and

pragmatic solution to help consumers manage

their household budgets.

Cetelem is the benchmark in the industry, known

for its ability to innovate. Its high-quality service

offerings – backed by outstanding technical

expertise and tight risk control – meet most

household financing needs, including personal

loans, instalment sales and revolving credits.

In 2006, Cetelem was the European leader in

online credit with e-business positioned at the

centre of its strategy for international growth.

Cetelem is the preferred partner of the retail

industry and has a long tradition of helping

large retailers such as Carrefour, Conforama,

Ikea and Dell achieve their development goals

across the globe.

Since 1 October 2005, it has held joint control

of LaSer-Cofinoga with Galeries Lafayette. The

Cetelem-LaSer “alliance” enables the two partners

to capitalise on numerous synergies and

improve their market competitiveness.

Cetelem is also the partner of choice for banks

and insurance companies which value its

expertise in consumer credit – including AXA,

Dresdner Bank, Banques Populaires, Caisses

d’Épargne and KBC – as well as for providers of

services to private individuals, such as EDF.

Cetelem also ensures the management of

permanent credit card accounts granted by

BNP Paribas’ French Retail Banking network.

Fielding operations in 26 countries across four

continents, Cetelem spearheads BNP Paribas

consumer credit offering.

(1) Calculation of market share of the market participants concerned based on their outstanding loans (sources: annual reports of

market participants), compared with the whole European consumer credit market (source: European Credit Research Institute).

EquIpmENT SOLuTIONS

Since 2006, corporate investment financing

and business equipment management activities

have been grouped together within the

Equipment Solutions Division, comprising the

following companies:

• Arval, dedicated to the long-term management

of cars and light trucks;

• Artegy, engaged in the long-term management

of heavy goods vehicles;

• Arius, specialised in the leasing and management

of IT equipment;

BNP Paribas Lease Group (BPLG), specialised

in the financing of equipment sales and

investments.

These companies use a multi-channel approach

(direct sales, sales via referrals or via partnerships)

to offer their corporate clients a range

of solutions specific to each asset market,

from financing to fleet outsourcing. Equipment

Solutions offers its end customers and business

providers the opportunity to outsource the

credit, market or technical risks associated with

corporate assets.

14 GROUP ACTIvITY IN 2006

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