BNP Paribas has seen solid growth in its Leasing Solutions and Arval subsidiaries for the third quarter of 2017.
Vehicle leasing division Arval enjoyed a 7.9% year-on-year growth in the volumes of financed vehicles, to 1m vehicles, and a 12% growth in outstandings, which amounted to €15.7bn (£14bn).
Go deeper with GlobalData
Leasing Solutions, meanwhile, saw a 5.7% growth in outstandings, to €17.8bn.
The division of the group which includes Arval and Leasing Solutions, among others, saw revenues go up 3.6% to €692m.
Operating expenses also grew in size, +9.1% to €400m. The digitalisation of underwriting and contract support at Arval and Leasing Solutions was cited as having contributed towards the higher costs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
