Bucharest, 6th June 2022 – BCR Group and Arval Romania have signed an agreement for the transfer of part of the operational leasing activities of BCR Fleet Management.
The agreement was signed last week and the completion of the transaction is subject to fulfilment of certain conditions precedent, including the clearance from the Romanian Competition Council, closing being expected by the end of the year.
The deal also envisages the cooperation of the two companies on the marketing of Arval’s sustainable mobility services to BCR customers.
The transaction is in line with BCR group strategy to focus on its core banking products but also continue to offer mobility solutions to its clients in an efficient way.
“We are very happy we have signed this agreement with BCR Group which will allow us, once completed, to serve new clients in Romania, and answer their growing mobility and energy transition needs with our proven products and services range”, declares Roxana LUPESCU, General Manager Arval Romania.
“BCR Group is using this opportunity to adjust its strategy in respect to the operating lease product and, with this partnership, we will be able to provide our clients with an enhanced solution in cooperation with a partner with global expertise in the mobility and fleet management area”, stated Adrian LACATUS, General Manager of BCR Fleet Management.
BCR Fleet Management is part of BCR Group and provides operational leasing and fleet management services to corporate clients, for which it makes sure their car fleets run at optimal technical parameters and it delivers efficiency in terms of operational costs.
With this operation, Arval will reinforce its leading position in Romania, and strengthen its already existing cooperation with Erste in the region (Czech Republic and Slovakia).
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Press contacts:
Arval:
Eugen Soineanu, eugen.soineanu@arval.ro - +40 744 563 562
BCR:
Cătălin Ioniță, catalin.ionita@bcr.ro - +40 740 247 336
About BCR:
Banca Comerciala Romana, member of Erste Group, is one of the most important financial groups in Romania covering both universal banking operations (retail, corporate & investment banking, treasury and capital markets), and areas such as private pensions, automotive leasing and real-estate banking. The bank offers a wide array of financial products through a network of 18 business units and 16 mobile offices dedicated to companies. 223 retail units throughout the country complete the coverage.
Banca Comerciala Romana is ranked first on the local market for banking transactions, their clients having at their disposal over 1700 ATM’s and multi-purpose devices. On top of these, BCR offers fully fledged Internet Banking, Mobile Banking, Phone-banking and E-commerce.
About Arval:
Arval specialises in full service vehicle leasing and new mobility solutions, leasing more than 1.4 million vehicles globally by the end of June 2021. Every day, more than 7,200 Arval employees in 30 countries offer flexible solutions to make journeys seamless and sustainable for its customers, which range from large international corporates to smaller companies and individual retail clients.
Arval is a founding member of the Element-Arval Global Alliance, a worldwide leader in the fleet management industry, with more than 3 million vehicles in 53 countries. Arval was founded in 1989 and is a BNP Paribas Group company. Within the Group, Arval sits within its Retail Banking & Services division.
In Romania Arval is present since 2007 and has steadily built up towards a team of over 90 experts providing full operational leasing services to more than 800 clients. As of December 2021, Arval has become the local market leader for Full Service Operational Leasing segment with a total fleet of over 12.581 vehicles.