CA Auto Bank's net profit dropped 35% in 2024, with increase in operating costs

From Yahoo Finance: 2025-04-11 10:10:00

CA Auto Bank, owned by Crédit Agricole Personal Finance & Mobility, saw a 35% decrease in net profit in 2024, totaling €260m ($295.04m). The bank’s loan and lease portfolio hit €28.04bn, with non-captive brands making up 82% of total assets. Operating income dropped by 16%, reaching €390m, but net banking income and rental margin rose by 2% to €833m. Production volumes increased by 9%, with end-of-period loans and leases at €29.8bn. Drivalia, the bank’s mobility division, experienced a 46% growth in its rental and mobility portfolio. Operating costs rose by 21% due to new investments.



Read more at Yahoo Finance: CA Auto Bank reports 35% drop in net profit for 2024