Banque Stellantis France
refinancing strategy

The refinancing strategy of Banque Stellantis France
relies on diversifying liquidity sources

Refinancing strategy

Since 2015, Banque Stellantis France group has received intra-group financing directly from Santander Consumer Finance, in addition to the financing provided by debt securitization transactions, retail savings inflow from French customers, bilateral bank credit lines, and access to the refinancing operations of the European Central Bank (ECB).

After the first issues of negotiable debt securities in 2016, the strategy to diversify refinancing sources continued through the development of access to capital markets, specifically with eight bond issuances under the EMTN program, with in January 2023 its first Green Bond with a maturity of three years.

Our bank's sources of refinancing

Savings account from individual customers

Bank credit lines

Capital Markets



As at 31 December 2023, the refinancing of the Banque Stellantis group was split as follows:
  • 22% from negotiable debt security and EMTN bond issuances on the capital markets;
  • 21% from repayable funds from the public in relation to deposit activity;
  • 18% from securitisation transactions placed;
  • 12% from other external refinancing, of which 9% from the European Central Bank (participation in TLTRO-III operations);
  • 21% from intra-group credit lines granted by Santander Consumer Finance;
  • 2% of subordinated debt subscribed in equal parts by each of the two shareholders
  • 4% from drawn bank loans and a collateralised loan.