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Groupe Renault, IDRO and PARTO NEGIN NASEH Co (NEGIN Holding) are announcing the creation of a new joint venture company in Iran to boost Renault's presence in the country and step up the brand's growth. The joint venture follows on from the strategic partnership agreement signed at the Paris Motor Show on September 30, 2016.
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In the first-half of 2017, RCI Bank and Services saw brisk growth in its business, with 882,626 new financing contracts, a 14.6% increase compared with the first-half of 2016. The penetration rate1 for Alliance brands rose by 1.3 points to 40.7%. New financings totalled €10.4 billion, a 16.7% increase over first-half 2016. The amount of average performing assets2 grew by 20.9% to €38.6 billion at end-June 2017. Pre-tax income for first-half 2017 came to €540 million, up 25.3%.
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Group revenues reached €29,537 million (+17.3%). Excluding the impact of the AVTOVAZ consolidation, Group revenues increased 12.2% to €28,246 million (+ 11.3% at constant exchange rates).
