RCI Banque
Bank
RCI Banque SA, trading as RCI Bank and Services and formerly known as Renault Crédit International, is a France-based international company that specialises on automotive financing, insurance and related activities for the Renault group brands (Renault, Renault Samsung Motors, Dacia) globally and for the Nissan group brands (Nissan, Infiniti, Datsun) in Europe, Russia and South America. RCI Banque is a wholly owned subsidiary of Renault.
The company was founded by Renault in 1974 as the Société Financière de Renault or Sofiren, being intended as a way of financing sales for its dealerships and to manage the automaker's cash flow. On 27 June 1980 it was renamed Renault Crédit International (RCI). In 1990, it merged with Diac (Diffusion Industrielle et Automobile par le Crédit) SA, a company formed in 1924 by Louis Renault as a result of the lack of liquid funds after the 1921 crisis and with similar objectives, but focused exclusively on loans for the purchase of vehicles (today Diac operates as a RCI Banque's wholly owned subsidiary ). By 1990, RCI contributed with more than one-third of Renault group's net income. In November 2001, the company was named RCI Banque. In February 2016, as part of a corporate image revamp, RCI Banque adopted the commercial name RCI Bank and Services.
Subject ID: 40772
MoreRCI Banque SA, trading as RCI Bank and Services and formerly known as Renault Crédit International, is a France-based international company that specialises on automotive financing, insurance and related activities for the Renault group brands (Renault, Renault Samsung Motors, Dacia) globally and for the Nissan group brands (Nissan, Infiniti, Datsun) in Europe, Russia and South America. RCI Banque is a wholly owned subsidiary of Renault.
The company was founded by Renault in 1974 as the Société Financière de Renault or Sofiren, being intended as a way of financing sales for its dealerships and to manage the automaker's cash flow. On 27 June 1980 it was renamed Renault Crédit International (RCI). In 1990, it merged with Diac (Diffusion Industrielle et Automobile par le Crédit) SA, a company formed in 1924 by Louis Renault as a result of the lack of liquid funds after the 1921 crisis and with similar objectives, but focused exclusively on loans for the purchase of vehicles (today Diac operates as a RCI Banque's wholly owned subsidiary ). By 1990, RCI contributed with more than one-third of Renault group's net income. In November 2001, the company was named RCI Banque. In February 2016, as part of a corporate image revamp, RCI Banque adopted the commercial name RCI Bank and Services.
Subject ID: 40772
Subject ID: 40772
