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RCI Bank and Services satisfied with auto leasing results

The finance arm of the Renault-Nissan Alliance, RCI Bank and Services, has indicated that it is satisfied with its annual results in terms of automobile financing.

It states that balloon loans, rental with purchase option and long term rental represented a third of its new business across the world in 2016. It points in particular to Spain and Ireland, which recorded strong growth of 14 and 11 percentage points respectively. The bank also says that it launched balloon loans in South Korea at the end of the year and that this system has proved popular with the under-30’s, who accounted for 20%of business.

(Image: wikipedia) 16/03/2017  |  Tim Harrup


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