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Astara expands strategic partnership with Mobilize Financial Services for Nissan business in Poland

Astara, one of the world's leading mobility companies, has announced a strategic partnership with Mobilize Financial Services (formerly RCI Bank and Services) a subsidiary of Renault Group, to support the development of Nissan business in Poland.

This milestone development comes on the heels of Astara's recent acquisition of Nissan's operations in Poland last September 1st, which comprehends the distribution of vehicles and spare parts. Building on the success of their existing partnership in Switzerland and Austria, Astara and Mobilize Financial Services are poised to reshape the mobility landscape in Poland.

This expanded partnership, initiated in January 2022, marks a significant step forward in Astara's capacity to provide financing and mobility services totally adapted to the needs of Nissan’s brand, dealers and customers in Poland.

"We are happy to continue deepening the partnership with Mobilize Financial Services, especially because there is a tangible spirit of collaboration, flexibility, and agility to face the challenges ahead. Following our successful acquisition of Nissan's operations, we are eager to leverage our newfound capabilities and join forces with Mobilize Financial Services to provide a comprehensive suite of financial solutions. Our aim is to democratize universal access to mobility services".

Ignacio Enciso, CFO at Astara

Xavier Sabatier, Importer and Business expansion Managing Director at Mobilize Financial Services:

"The synergy between Astara and Mobilize Financial Services represents a pivotal step in our strategy to expand our business model by forging partnerships with independent importers wherever it is strategically valuable. We look forward to working closely with Astara to provide innovative financing, services, and mobility solutions that align with the evolving needs of Nissan customers and dealers in Poland."

About Mobilize Financial Services

Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of the Renault-Nissan-Mitsubishi Alliance.

With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed nearly 1.2 million contracts (new and used vehicles) in 2022 and sold 3.8 million services. At the end of December 2022, average earning assets stood at 44.7 billion euros of financing and pre-tax earnings at 1,050 million euros. Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2022, net deposits amounted to 24.4 billion euros, or 49% of the company's net assets.