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Press release First-Half 2020 Results : RCI BANK AND SERVICES MAINTAINS A ROBUST COMMERCIAL AND FINANCIAL PERFORMANCE IN A CAR MARKET IN STEEP DECLINE

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    Thursday, July 30, 2020FIRST HALF 2020 RESULTS: RCI BANK AND SERVICES MAINTAINS
A ROBUST COMMERCIAL AND FINANCIAL PERFORMANCE IN A CAR MARKET IN STEEP DECLINE658,555 new financing contracts, for a total of €7.7 billion in new financingsPenetration rate1at 47.6% of registrations at end of June 2020, up 4.6 points compared to the first half of 201921,454 new financing contracts for electric vehicles, up 27% on end-June 20191.9 million service contracts, down 22.8% compared with the first half of 2019Average performing assets of €48.1 billion, up 3.0% on end-June 2019Net banking income of €1,010 million, up 0.2% on end-June 2019Improvement in the operating cost to APA ratio2at 1.29%Deterioration in the cost of risk at 0.99% of APA, compared with 0.40% in the first half of 2019Group pre-tax income of €473 million3“In a particularly difficult automotive environment, RCI Bank and Services has shown its resilience and kept its commercial and financial performance at robust levels. With pre-tax income of €473 million, RCI Bank and Services continues to represent a strong contribution to Groupe Renault’s results. These sound bases and the commitment of RCI Bank and Services’ teams are key assets on which the group can count  during the second half of the year”, said Clotilde Delbos, Deputy Chief Executive Officer and Chief Financial Officer of Groupe Renault, Chairman of the Board of Directors of RCI Bank and Services.

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