Cetelem

Last updated
Cetelem
Company type Subsidiary
Industry Financial services
Founded1953;71 years ago (1953)
Headquarters,
Area served
Europe, North America, South America, Singapore, Hong Kong, Africa.
Key people
Laurent David
(Chief Executive officer)
Alain van Groenendael
(Chairman)
Jean-Marie Bellafiore
(Deputy CEO and Head of France)
Services Consumer credit, personal loans, credit cards, car financing
Number of employees
19,500 (2017)
Parent BNP Paribas
Website www.cetelem.fr

Cetelem is a French company specializing in consumer credit for household electrical equipment, personal loans, car loans and credit cards. [1] Cetelem is the commercial brand of BNP Paribas Personal Finance, which is a wholly owned subsidiary of BNP Paribas. The company specializes in retail financing in Europe. [2]

Contents

As of 2018, it was established in thirty countries, had 27 million customers with headquarters located in Paris. Cetelem also trades as Modern Credit in the French overseas territories. Other brands of BNP Paribas Personal Finance are Findomestic in Italy and AlphaCredit in Belgium. [3] [4]

History

Cetelem was founded in 1953 by Jacques de Fouchier. [5] [6]

Cetelem merged with UCB at the end of 2007 and became "BNP Paribas Personal Finance". [7]

Since June 2015, Laurent David has been the CEO of BNP Paribas Personal Finance. [8]

Activities

Cetelem has been marketing loans and credits, as well as savings and insurance products, since 2011. [9]

Related Research Articles

<span class="mw-page-title-main">BNP Paribas</span> French multinational banking and financial services company

BNP Paribas is a multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas. It also incorporates many other major institutions from successive mergers and acquisitions, including Fortis Group in Belgium, Direkt Anlage Bank in Germany, Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg, and Türk Ekonomi Bankası in Turkey. The Group has also been present in the United States through its subsidiaries Bank of the West until 2023 and First Hawaiian Bank until 2019. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS); and Corporate & Institutional Banking (CIB).

<span class="mw-page-title-main">Fortis Group</span>

Fortis, formally Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through multiple acquisitions, and in 2007 was the 20th largest financial services business in the world by revenue. It was listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges.

<span class="mw-page-title-main">BMCI</span> Morocco Bank of Commerce and Industry

BMCI is a bank based in Morocco. It is a majority-owned subsidiary of the French financial group BNP Paribas.

<span class="mw-page-title-main">Walthère Frère-Orban</span> Belgian politician

Hubert Joseph Walthère Frère-Orban was a Belgian liberal statesman.

The Banque de Paris et des Pays-Bas, generally referred to from 1982 as Paribas, was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas.

<span class="mw-page-title-main">Crédit Lyonnais</span> French banking company

The Crédit Lyonnais was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th century, it was the world's largest bank by total assets.

<span class="mw-page-title-main">Christian Noyer</span> French economist

Christian Noyer is a French economist who served as Governor of the Bank of France from 2003 to 2015. In this capacity, he chaired the Bank for International Settlements from 2010 until 2015. He had previously served as vice president of the European Central Bank from 1998 to 2002.

<span class="mw-page-title-main">Banca Nazionale del Lavoro</span> Italian bank

Banca Nazionale del Lavoro S.p.A. (BNL) is an Italian bank headquartered in Rome. It is Italy's sixth largest bank and has been a subsidiary of BNP Paribas since 2006. Integration process was concluded in 2008, BNL with its group oversees the commercial banking activity in Italy.

Cardif is an international insurance company based in France with a presence worldwide. The company is part of the BNP Paribas Group.

BNP Paribas Personal Finance UK, formerly known as LaSer UK, is a provider of consumer finance. It operates in the UK and in the Republic of Ireland. The company administers credit and loyalty programmes for businesses across multiple sectors, including retail, household, insurance, entertainment and leisure. BNP Paribas Personal Finance manages four million customers and 300 UK partnerships, and in 2016 financed £1.6 billion in credit.

<span class="mw-page-title-main">Groupe BPCE</span> French banking group

Groupe BPCE is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest bank, the seventh largest in Europe, and the nineteenth in the world by total assets. It has more than 8,200 branches nationwide under their respective brand names serving nearly 150 million customers. Its wholesale banking subsidiary Natixis, previously a separately listed company, was delisted and came under full ownership of Groupe BPCE in 2021.

<span class="mw-page-title-main">Comptoir national d'escompte de Paris</span> French banking company

The Comptoir national d'escompte de Paris (CNEP), from 1854 to 1889 Comptoir d'escompte de Paris (CEP), was a major French bank active from 1848 to 1966.

Institut Montaigne is a think tank based in Paris, France, founded in 2000. Institut Montaigne makes public policy recommendations to advance its agenda, which broadly reflects that of the large French companies that fund it. It contracts experts from the French business community, academia, civil society, and government.

<span class="mw-page-title-main">Hello bank!</span>

Hello bank! is a digital direct bank owned by BNP Paribas that started operations in 2013. The bank operates in France, Belgium, Germany, Italy, the Czech Republic and Austria. BNP Paribas has claimed that it is "the first 100% digital mobile bank in Europe".

Jean-Laurent Bonnafé has been the chief executive officer of BNP Paribas since 2011.

<span class="mw-page-title-main">Consors Finanz</span>

Consors Finanz is a German consumer loan company that is a subsidiary of major French bank BNP Paribas. The focus of the business is the allocation of consumer loans, especially sales financing for retail and online trade as well as for car, caravan and motorbike dealers.

Beka Finance is a Spanish financial services company, created in 1989 as a subsidiary of Caja Madrid. Beka Finance specializes in providing and developing financial products and services, asset management, financial advisory, investment banking and direct investment.

<span class="mw-page-title-main">ASLK / CGER</span> Former Belgian bank

The Algemene Spaar- en Lijfrentekas / Caisse générale d'épargne et de retraite was a major Belgian public bank, originally created in 1850 as a pension institution. It was acquired in stages between 1993 and 1998 by Fortis Group. In 1999 Fortis merged it with Générale de Banque and other operations to form Fortis Bank, which in turn was integrated from 2009 into BNP Paribas.

<i>Société Nationale de Crédit à lIndustrie</i> Former Belgian public bank

The Société Nationale de Crédit à l'Industrie, branded Crédit à l'Industrie from the 1980s, was a Belgian public bank. It was established in 1919 to help finance post-World War I reconstruction, and eventually merged into ASLK / CGER in 1996-1997.

References

  1. elEconomista.es. "Cetelem España: Los intereses del crédito al consumo deben bajar para beneficiar al cliente - elEconomista.es" (in Spanish). Retrieved 2018-09-14.
  2. elEconomista.es. "Cetelem, nuevo patrocinador oficial de la Real Federación Motociclista Española - elEconomista.es" (in Spanish). Retrieved 2018-09-14.
  3. "Findomestic - BNP Paribas Italy". www.bnpparibas.it. Retrieved 2018-09-14.
  4. "Belgium — BNP Paribas Personal Finance". www.bnpparibas-pf.com (in French). Retrieved 2018-09-14.
  5. "Jacques de Fouchier". Le Monde.
  6. "DISPARITION Jacques de Fouchier". le moniteur.
  7.  Nous voulons doubler la part de nos revenus provenant des pays émergents »". Le Echos.
  8. "Laurent David entre au comité excécutif de BNP Paribas". les echos.
  9. "Comment Cetelem a révolutionné son métier". La Tribune.