FCA Bank

FCA Bank S.p.A.

Type	Public Limited Company
Industry	Banking
Founded	April 25th 1925
Founders	FIAT
Headquarters	Corso G.Agnelli, 200 Torino, Italy.
Key people	Giacomo Carelli (CEO & General Manager) Philippe Dumont (Chairman of the BoD, CEO Crédit Agricole Consumer Finance) Alfredo Altavilla (Member of the Board, COO FCA EMEA region)
Products	Financial services
Number of employees	2,000 (2016)
Website	www.fcabankgroup.com

Giacomo Carelli (CEO & General Manager) Philippe Dumont (Chairman of the BoD, CEO Crédit Agricole Consumer Finance)

FCA Bank, a joint venture between Fiat Chrysler Automobiles Italy S.p.A. and Crédit Agricole Consumer Finance S.A is a bank dedicated to motorists, which mainly operates in the automotive financing sector and cooperates with prestigious automotive brands (Alfa Romeo, Chrysler, Fiat, Fiat Professional, Jeep, Abarth, Maserati, Jaguar and Land Rover) as well as motorhome and caravan manufacturers.

On April 25, 1925, SAVA (acronym of Società Anonima Vendita Automobili) was established in Turin, Italy when the "509" model was put on the market. The "509" was the first FIAT model sold on credit. The finance house however also offered financing for the purchases of cars produced by other brands. 1927: S.A.V.A. starts the savings collection with interest-bearing bonds. In the same year, in order to raise the awareness of the newly established company and extend to clients the opportunity of owning a car, two Italian artists of the time Codognato and Romano, conceived S.A.V.A.’s first advertisement. On March 15, 1930, the board of directors of SAVA approved a share capital increase of 4,000,000 Lire and afterwards, on April 11 of that same year, FIAT purchased the entire shareholding. As sole shareholder, it decided that the disbursement of loans should be restricted to FIAT products only, starting from January 1, 1931. In 1938, in order to dispose of the big number of used cars, SAVA started to finance, through hire purchase solutions specific for the second-hand cars.

In 2003 SAVA was placed under Fidis Retail Italia, 51% of which was sold to Banca Intesa, Sanpaolo IMI, Capitalia andUnicredit, while 49% remained with Fiat Auto. December 2006: Fiat Auto S.p.A. and Crédit Agricole S.A. create a joint venture with the aim of implementing FGA’s financial activities across Europe. December 28, 2006 (closing date):

On March 1, 2007, Fiat Group Automobiles S.p.A. (new business name of Fiat Auto S.p.A.) reunifies in Fidis Retail Italia S.p.A. all its European holdings in the sales networks and rental financing divisions. On April 5, 2007, following the change in business name from Fiat Auto to Fiat Group Automobiles S.p.A., Fiat Auto Financial Services S.p.A. becomes Fiat Group Automobiles Financial Services S.p.A. July 2008: Fiat Group Automobiles Financial Services S.p.A. signs an important collaboration agreement with Jaguar Land Rover in the European car financing area.

On January 1, 2009, Fiat Group Automobiles Financial Services changes its name to FGA Capital FGA Capital replaces Daimler Financial Services in the financial services management for all Chrysler brands (Chrysler, Jeep and Dodge). September 2013: FGA Capital signs a collaboration agreement with Maserati. Maserati Financial Services is born. October 2013: the partnership between FGA Capital, Jaguar Land Rover is renewed for four years, starting from January 1, 2014, with the option of extending the provision of finance services to support Jaguar Land Rover until the end of 2021. November 2013: the joint venture between Fiat Group Automobiles, Crédit Agricole e Crédit Agricole Consumer Finance is renewed up to December 31, 2021.