FCA Bank achieves record €383 million in net profit

Operating income for the year amounted to €534 million while net profit reached €383 million, up 23% on 2016. This improvement was due to the increase of the outstanding portfolio to nearly €24 billion, from €20.8 billion in 2016. The rise in new car registrations and #fca Bank's commercial support to #fca (thanks to a penetration rate of 44% of total sales in Europe) resulted in total new financing of €12.1 billion, up 4% on 2016. The cost of risk continued to decline also in 2017, settling at €43 million, or 0.20% of the average outstanding portfolio, compared to 0.30% in 2016.

"FCA Bank continued to execute the growth and diversification strategy undertaken when it turned into a bank in 2015 - said Giacomo Carelli, Chief Executive Officer and General Manager - strengthening its presence in the 18 countries in which it operates, remaining on track with the ambitious digitalization plan for its services and launching the new mobility solutions of its Leasys subsidiary in the main 7 European markets."