Press Release : Correction: PILLAR III RISK REPORTS AS OF DECEMBER 31, 2021 (Amended version of September 2nd, 2022)
Paris, September 2nd, 2022
PILLAR III RISK REPORTS AS OF DECEMBER 31, 2021
Amended version of the Pillar III report as of 12/31/2021 is available on our website mobilize-fs.com under the references “PILLAR 3 Risks Report – December 31st, 2021 (Amended version of September 2nd, 2022)”.
The changes compared to the initial version concern the correction of an error in the table “Segmentation of exposures by the advanced method and average LGD by country “, in which the column ” Average loss computed at the last backtesting ” is modified for the “Corporate” exposure category.
This new version cancels and replaces the Pillar III report initially published on our website on 2/24/2022 and amended on 4/4/2022 and which is included in our annual report published on 4/12/2022.
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About Mobilize Financial Services:
As a partner caring for all its customers, Mobilize Financial Services builds innovative financial services to create sustainable mobility for all. A subsidiary of the Renault Group whose activity started almost 100 years ago, Mobilize Financial Services is the commercial brand of RCI Banque SA, a French Bank specializing in automotive financing and services for Alliance customers and dealers.
With operations in 36 countries and nearly 4,000 employees, the group financed over 1.4 million contracts (new and used vehicles) in 2021 and sold 4.7 million services. At end 2021, average performing assets stood at €44.8 billion in financing and pre-tax income at 1,194 million.
Since 2012, the group has rolled out a deposits collection business in several countries. At the end of December 2021, net deposits collected totalled €21 billion or 47% of the company’s net assets.
Find out more about Mobilize Financial Services: www.mobilize-fs.com
Follow us on Twitter: @Mobilize_FS
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