2005 ANNUAL REPORT - Renault

Sales financing
RCI Banque – growing international reach
Providing financial backup
for Group brands
worldwide and for Nissan
in Europe, RCI Banque
accelerated
its international
expansion in 2005.
RCI Bank Polska, RCI Banque's wholly-owned Polish
subsidiary, began providing credit for network sales
in 2005, while in Hungary the Group bought out the 50%
of Renault Credit Hungary held by a partner bank
in June and started up credit financing for the local
network. In Morocco, a sales subsidiary was set up
in partnership with a local bank to provide financing
for customers of Renault, Nissan and Dacia brands,
and in South Korea preparations have been completed
for the launch of a local subsidiary in 2006.
Other operations could be launched in countries such as
Croatia, Slovenia, Colombia and Russia during the year.
Illustrating the international growth of RCI Banque's
business, 70% of the 1 million contracts processed
in 2005 were outside France and 10.3% were outside
Western Europe.
In all parts of the world, the priority is to offer individual
and corporate customers a full range of financing
solutions, including not only standard loans but also
rental with a purchase option, leasing, and contract hire,
as well as related services such as maintenance,
warranty extensions, insurance, assistance, fleet
management, and more. RCI Banque also finances
inventories for Renault and Nissan distributors,
and covers their short-term cash requirements.
Renault Polska started a new stage
in its development with network
financing on this high-growth
market in 2005.
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2005 Renault Annual Report