The consumer credit sector has entered a zone of turbulence.
Rising interest rates and inflation weigh on households, which are less inclined to go into debt, and put credit distributors under pressure.
At the end of December, BNP Paribas indicated to its social partners that it was working on a voluntary departure plan in its "personal finance" branch, including in particular the Cetelem brand.
Restructuring projects are also under study at Oney Bank, the joint subsidiary of BPCE and Auchan.
Leader in split payment in France, the establishment also derives its income from traditional consumer credit at points of sale (personal loans and revolving credits).
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It would be in the red in 2022.
"Like many other players in the sector, we are affected by the conjunction of several external factors: high inflation and the increase in refinancing rates"
, recently explained to AFP a door - word of Oney Bank.
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