CA Auto Bank strengthens its European footprint: launch of the new Austrian and Greek Branches
The strategic evolution of CA Auto Bank continues across Europe. Following the completion of the registration process and the signing of the notarial merger deed in Turin, the Group announces the transformation of its Austrian subsidiary into a direct foreign branch.
- The new branches will operate respectively under the name: “CA Auto Bank S.p.A., Zweigniederlassung Österreich” and “CA Auto Bank S.p.A. Hellenic Branch”.
- The transformation is part of a broader strategy to streamline the Group’s international structure and enhance operational efficiency.
The strategic evolution of CA Auto Bank continues across Europe. Following the completion of the registration process and the signing of the notarial merger deed in Turin, the Group announces the transformation of its Austrian subsidiary into a direct foreign branch.
Effective December 15th, CA Auto Bank GmbH has been merged into its parent company, CA Auto Bank S.p.A., and will operate under the new entity name: CA Auto Bank S.p.A., Zweigniederlassung Österreich. The branch retains its headquarters in Vienna.
As a consequence of the merger, the Greek branch of the Austrian bank is also evolving into a new branch of CA Auto Bank S.p.A. and will operate under the new entity name CA Auto Bank S.p.A. Hellenic Branch, retaining its headquarters in Athens.
This corporate transformation marks a significant step in the Bank’s roadmap to harmonize its European presence. By converting the Austrian and Greek entities into CA Auto Bank S.p.A. branches – a process successfully implemented in the previous years in other markets, such as Ireland, Belgium, Poland, France, Portugal, Spain and Germany – CA Auto Bank aims to create a leaner, more integrated organizational structure. Moreover, this move allows for a more direct synergy with the Headquarters, making organizational and customer management processes even more efficient.
Established as a reference point for vehicle financing, the Austrian and Greek units have built a strong reputation over the years. Today, as CA Auto Bank S.p.A., Zweigniederlassung Österreich and CA Auto Bank S.p.A. Hellenic Branch respectively, the new branches continue to be leading providers of financial services in the mobility sector.
The new branches will manage credit activities, in accordance with the principles of sound and prudent management typical of the banking business, while actively supporting the sales and marketing operations of the Group and its automotive partners.
Share on
