Regulatory News:
PSA Peugeot Citroën (Paris:UG):
Banque PSA Finance (BPF) participated in the asset quality review and stress test process overseen by the European Central Bank (ECB) within the framework of the Single Supervisory Mechanism (SSM), which will come into force in November 2014.
A total of 130 European banks, including the 13 largest French banks, took part in the exercise.
Banque PSA Finance obtained excellent results in both the Asset Quality Review (AQR) and the stress tests, placing it among the benchmark players in the market. These results reflect the strength and relevance of the Bank's business model.
The summary overview and detailed results by bank are available on the ECB website: http://www.ecb.europa.eu/ssm/assessment/html/index.en.html
About Banque PSA Finance
A wholly-owned subsidiary of PSA Peugeot Citroën, Banque PSA Finance is present in 23 countries. It offers individual and corporate customers of the Peugeot, Citroën and DS brands a full range of finance products and services. It also provides wholesale financing for the three Brands' dealers, covering vehicle and spare parts stocks, working capital and other financing needs.
About PSA Peugeot Citroën
With its three world-renowned brands, Peugeot, Citroën and DS, 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 low-carbon vehicles, with average emissions of 115.9 grams of CO2 per 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 psa-peugeot-citroen.com
Communications Division 75 avenue de la Grande-Armée 75116 Paris, France
+33 1 40 66 42 00 psa-peugeot-citroen.com - @PSA_news
Contacts:
PSA Peugeot Citroën
Media Relations
Pierre-Olivier Salmon +33 (0) 6 68 43 49 94
pierreolivier.salmon@mpsa.com
or
Pierre Nectoux +33 (0) 6 99 05 22 30
pierre.nectoux@mpsa.com
or
Investor Relations
Carole Dupont-Pietri +33 (0) 1 40 66 42 59
carole.dupont-pietri@mpsa.com