Credicom Consumer Finance - Corporate Profile
A specialized Financial Services Organization
Establishment and Activities
Emporiki Credicom Bank S.A. emerged in 2003, from the strategic alliance of Emporiki Bank and the international financial Group of Crédit Agricole, aiming to develop a pioneering banking model in Greece, specialized in consumer finance.
Initially, Emporiki Bank and Sofinco participated equally in the company’s share capital. On January 1st, 2010, the 100% of Emporiki Credicom’s share capital was acquired by Sofinco, being the corresponding business line of the Crédit Agricole Group, specialized in consumer finance.
On April 2010, the merger of the two specialized companies of the Crédit Agricole Group, Sofinco & Finaref, created Crédit Agricole Consumer Finance, specialized subsidiary of the Crédit Agricole group in consumer finance.
Following a successful course of continuous growth,
Crédit Agricole Consumer Finance is a leading group in the European Consumer Credit market that established its position from the 75.8 billion loan portfolio, the €457 million of net income in 2009 and the excellence of the 10.600 employees.
Creation of Credicom Consumer Finance
On January 2011, Emporiki Credicom, as a fully owned subsidiary of Crédit Agricole Consumer Finance, changes its name and is renamed Credicom Consumer Finance.
A new era begins, under a common corporate identity, common vision as well as common strategic and development goals. The dominant color in the new corporate identity is green and it reflects the Group’s commitment for responsible growth and support of the real economy.
Credicom Consumer Finance - Corporate Profile
A specialized Financial Services Organization
Establishment and Activities
Emporiki Credicom Bank S.A. emerged in 2003, from the strategic alliance of Emporiki Bank and the international financial Group of Crédit Agricole, aiming to develop a pioneering banking model in Greece, specialized in consumer finance.
Initially, Emporiki Bank and Sofinco participated equally in the company’s share capital. On January 1st, 2010, the 100% of Emporiki Credicom’s share capital was acquired by Sofinco, being the corresponding business line of the Crédit Agricole Group, specialized in consumer finance.
On April 2010, the merger of the two specialized companies of the Crédit Agricole Group, Sofinco & Finaref, created Crédit Agricole Consumer Finance, specialized subsidiary of the Crédit Agricole group in consumer finance.
Following a successful course of continuous growth,
Crédit Agricole Consumer Finance is a leading group in the European Consumer Credit market that established its position from the 75.8 billion loan portfolio, the €457 million of net income in 2009 and the excellence of the 10.600 employees.
Creation of Credicom Consumer Finance
On January 2011, Emporiki Credicom, as a fully owned subsidiary of Crédit Agricole Consumer Finance, changes its name and is renamed Credicom Consumer Finance.
A new era begins, under a common corporate identity, common vision as well as common strategic and development goals. The dominant color in the new corporate identity is green and it reflects the Group’s commitment for responsible growth and support of the real economy.
Credicom Consumer Finance covers a wide range of products and services in consumer finance through alternative channels:
- Point of Sale Finance (POS Finance- vehicles, household equipment, house renovation, leisure boats, renewable energy sources)
- Consumer Credit services in cooperation with major retail brands and institutions
- Personal loans and Credit Cards
Pioneer in car financing
Credicom Consumer Finance managed to become the leader in new car financing in a short time period covering all the needs of its partners and to successfully penetrate new markets such as Household Equipment Financing and, via its subsidiaries Emporiki Rent and Emporiki Credicom Insurance Brokers, Long Term Car Rental and Insurance Brokerage respectively.
Credicom Consumer Finance success is based on its shareholder experience, expertise and know-how, as well as on its capability to respond to partners - customer needs in a quick, flexible and efficient manner.
Competitive Advantages
- Strengthened capital base with the support of one of the largest retail banking Groups
- Experience and specialization in consumer finance
- Effective operational management and reduced risk
- Consumer credit products and services of a new generation
- Competitive pricing policy
- Deep knowledge of the local market that is combined with the international experience and know-how from one of the leading groups in consumer finance in Europe, Crédit Agricole Consumer Finance
- Leading position in Greece in car financing
- Highly specialized human resources and flexible procedures
- Culture on strategic alliances, where synergies and long-term relationships based on mutual benefit are promoted
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Milestones
2003: Establishment of Emporiki Credicom
January 2010: 100% acquisition of Emporiki Credicom from Sofinco, member of the Crédit Agricole Group (exact date of acquisition: 31.12.2009)
April 2010: Establishment of Crédit Agricole Consumer Finance, subsidiary of Crédit Agricole Group, leading group in consumer finance
January 2011: Change of name and corporate identity from Emporiki Credicom Bank S.A. to Credicom Consumer Finance Bank S.A.
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