RCI banque

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« In a volatile environment, the conservative financial policy implemented by the group in recent years proved especially justified. This policy protects the gross margin of each entity while securing the refinancing for its business activities.

The €5 billion liabilities with a maturity of one year or more borrowed in 2010, the extension of debt profile (average life of new issues at 3.1 years) and the multiplicity of liquidity sources used show that RCI Banque has recovered a stable and diversified funding base. The liquidity reserve remains at a high level and amounts to €3.9 billion.

In 2010, RCI Banque has launched six public bond issues and a tap in Euros, totaling €3,575 million, as well as its first public issue in Swiss Francs for CHF250 million. The group's subsidiaries have also issued on local markets in Argentina and in South Korea, where the first bond in Wons was distributed.

RCI placed a €873 million securitization backed by Auto loans in Germany. The funding through conduit securitization of the UK portfolio has been extended for an additional year and the amount raised increased by €102 million. » Jean-Marc Saugier