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Renault RCI Banque India launch 2014 to finance Datsun alliance

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As per 2014-2016 plan, RCI Banque launches its business in India in 2014. Plans include expansion of operations in Colombia, and preparations for China. In 2014, RCI Banque will begin financing Datsun, a new Alliance brand in Russia, and then in India.

RCI_BanqueDominique Thormann, Chairman and CEO of RCI Banque said, “In 2013, RCI Banque confirmed its growth momentum, achieving a ten-year record and maintaining a high financial performance. The company reduced its dependence on the capital markets thanks to retail savings deposits collected, which represented 17% of outstandings at end-December. The second phase of our strategic plan will see a growing global automotive market combined with more services related to automobile use. RCI Banque will continue to help grow Alliance brand sales and seek to meet motorists’ needs in ever-more effective ways”.