PSA Peugeot Citroën : PSA Banque Launches DISTINGO “Fixe” Term Deposit Account
03 April 2014 - 10:09AM
Business Wire
Regulatory News :
PSA Peugeot Citroën (Paris:UG) :
Following the success of its DISTINGO passbook savings
account, PSA Banque is pursuing its growth strategy and broadening
its line of savings products with the launch of DISTINGO “Fixe”, a
fixed-rate term deposit account.
Reserved for DISTINGO passbook savings account holders, the
fully online DISTINGO “Fixe” term deposit account offers an
attractive investment opportunity, with a guaranteed compound
gross annual return of 3.10% over two years.
DISTINGO “Fixe” accounts have no set-up, service, management
or withdrawal fees.
Like the passbook saving account launched in March 2013,
deposits collected by the DISTINGO “Fixe” term deposit account will
be invested in the real economy.
“With this term deposit account, PSA Banque is confirming its
commitment to making its savings business a driver of the real
economy," said Philippe Alexandre, Chief Executive Officer of
Banque PSA Finance. ”The collected funds are used to support retail
purchases of vehicles from Peugeot and Citroën dealers and to
provide wholesale financing for both brands’ dealers. This offer
further strengthens Banque PSA Finance’s strategy of diversifying
its sources of financing and our commitment to continuing our
expansion in France.”
Launched in 2013, PSA Banque’s www.economierelle.fr website
demonstrates its commitment to financing the real economy.
*See the general terms and conditions for the DISTINGO “Fixe”
account at www.psabanque.fr.For more information on the DISTINGO
passbook savings account and the DISTINGO “Fixe” term deposit
account, go to www.psabanque.fr
About PSA BanquePSA Banque is the brand for the online
savings business of Banque PSA Finance (www.banquepsafinance.com),
a wholly-owned subsidiary of PSA Peugeot Citroën.
About PSA Peugeot CitroënWith its two world-renowned
brands, Peugeot and Citroën, PSA Peugeot Citroën sold 2.8
million vehicles worldwide in 2013, of which 42% outside Europe.
The second largest carmaker in Europe, PSA Peugeot Citroën recorded
sales and revenue of €54 billion in 2013. The Group is the European
leader in terms of CO emissions, with an average of 115.9 grams of
CO2/km in 2013. PSA Peugeot Citroën has sales operations in 160
countries. It is also involved in financing activities (Banque PSA
Finance) and automotive equipment (Faurecia).For more information,
please visit www.psa-peugeot-citroen.com
Communications Department, Media relations : 75
av. de la Grande Armée - 75116 ParisTelephone (33 1) 40 66 42 00 -
www.psa-peugeot-citroen.com
PSA Peugeot CitroënPress DepartmentPierre-Olivier
Salmon +33 (0) 6 68 43 49 94pierreolivier.salmon@mpsa.comorPierre
Nectoux +33 (0) 6 99 05 22 30pierre.nectoux@mpsa.comorInvestor
RelationsCarole Dupont-Pietri +33 (0) 1 40 66 42
59carole.dupont-pietri@mpsa.com
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