CA Auto Bank, a subsidiary of Crédit Agricole Consumer Finance, confirms its ambitions in the marine sector as it announces its partnership with Groupe Beneteau, a globally renowned manufacturer of both sailing and motor boats This partnership solidifies the long-standing banking relationship between the Crédit Agricole Group and the Beneteau Group.
Under the terms of the agreement, signed during the Cannes Yachting Festival, the Bank will be offering
its bespoke financing and leasing solutions to customers and dealers of the Group
at a pan-European level, starting with Greece, Poland, Portugal and Switzerland. The collaboration, set to extend to 8 additional European countries in the coming months
complements the system already put in place by Groupe Beneteau in the markets covered by SGB Finance,
and encompasses over 120 models made by the French group
catering to a wide spectrum of boating preferences.
Groupe Beneteau is currently active in four market segments
(monohull sailing, multihull sailing, day boating and “Real Estate on the Water”). It offers 128 models, both sail and motor, across its nine brands, from 4.5 to 24 meters. Groupe Beneteau, the only multi-specialist in the boating industry, pursues its mission of “Bringing dreams to water” by addressing a very broad international audience of owners and occasional customers.
Yann Masselot, Chief of brands & communication officer of Groupe Beneteau,stated: “We are pleased to start this partnership with CA Auto Bank, which will support our distribution network and enlarge the offering of financial options for our final customers, in several strategic European countries. We know how important it is, in our markets, to have a financial services offering that is second to none. We are glad we signed this agreement with CA Auto Bank, a European leader in retail and wholesale financing”.
“We are delighted to make our debut in the marine sector alongside such a distinguished partner as Groupe Beneteau” remarked Giacomo Carelli, CEO of CA Auto Bank. “After having established a strong presence in the automotive, two-wheeler, leisure and commercial vehicle sectors, this agreement starts a new, significant chapter in our journey of expansion, which will lead us to be the only independent player in Europe specializing in financial services across the entire mobility spectrum”. Giacomo Carelli, CEO di CA Auto Bank.
