BNP Paribas Personal Finance partners with Arval to offer one stop shop to purchase and finance used stock.
Two divisions of the BNP Paribas Group in the UK – BNP Paribas Personal Finance and car leasing specialist, Arval – are joining forces to launch a new stock financing solution for motor dealers across the UK.
Dealerships can now purchase and finance their used stock in one transaction directly through Arval’s market-leading online sales platform MotorTrade. The tie up enables dealers to spread 100 per cent of the purchasing cost (inclusive of fees) over flexible phased repayments of up to 120 days. The one-stop solution also makes it easier for dealerships to increase their stock levels, to manage their cashflow, and plan their expenditure levels. The solution is backed by the BNP Paribas Group for complete peace of mind.
Funding is applied to the account automatically for vehicles bought through the stock funding option. All information relating to the purchase, such as invoices, statements and payment schedules, is available to view on any connected device through an online account.
Arval’s MotorTrade platform offers dealerships direct online access to around 45,000 ex-lease vehicles each year from a range of manufacturers with no middlemen and competitive buyers’ fees.
For its part, BNP Paribas Personal Finance has been offering responsible consumer finance solutions in the UK for 45 years. In that time, it has become a trusted partner for businesses adapting to ever-changing marketplaces.
The new agreement is part of BNP Paribas’ Group-level commitment to deliver a seamless ‘one bank’ approach that pools the expertise of all its teams to provide the best experience for its partners.
Andrew Brameld, managing director of BNP Paribas Personal Finance’s motor finance business in the UK, said: “We’re delighted to be partnering with Arval to deliver this industry-leading stock finance solution to motor dealers across the UK.
“Here at BNP Paribas Personal Finance we have extensive experience at delivering quality, affordable financing options and we’re sure dealers will find this to be a useful tool as they manage and finance their stock levels.”
Gary Burns, remarketing director at Arval UK, added: “Arval MotorTrade has grown rapidly to become the go-to platform for retailers who are looking to purchase high quality used stock for their forecourts.
“This partnership further enhances our MotorTrade proposition making it even easier for buyers to access the stock they need, while giving them the confidence they have a finance plan in place that they know they can trust.”
For more information on BNP Paribas Personal Finance click here.
For more information on Arval UK click here.
For more information on Arval MotorTrade click here.
For more information on the BNP Paribas Group in the UK click here.
As part of its support for the solo exhibition of internationally-acclaimed British sculptor Antony Gormley opening this September at the Royal Academy of Arts, BNP Paribas announced today that it will offer 3,000 people, aged 17 to 25, free entry to the exhibition.
Entitled AccessArt25, the BNP Paribas initiative aims to offer young people what may be their first visit to the Royal Academy of Arts. The programme consists of three specially-curated evening events that will run from 6.30 to 10pm on 23 September, 21 October and 18 November 2019.
BNP Paribas AccessArt25
The AccessArt25 programme is the first of its kind in terms of a corporate supporter providing free access to exhibitions specifically for young people. The initiative was launched in 2018 as part of BNP Paribas’ three-year support for the Turner Prize, where it proved to be highly successful.
Antony Gormley, Royal Academician, said: “I am delighted that BNP Paribas is partnering with the Royal Academy for my exhibition so that young people can visit for free as part of the AccessArt25 programme. I’m grateful that this initiative will particularly target those who may not have ready access to art exhibitions. We are all of us artists, and I hope seeing my work will inspire young peoples’ own reflections on themselves and the world around them.”
Anne Marie Verstraeten, UK Country Head, BNP Paribas, said: “As we approach our 20th year of support for the Royal Academy of Arts, we believe it is more important than ever that great contemporary art should be accessible for all. That is why we launched the BNP Paribas AccessArt25 programme. We look forward to welcoming thousands of young people through the doors of this incredible institution, free of charge, to experience an exhibition by one of Britain’s foremost contemporary artists.”
Young people aged 17 – 25 can register their interest at roy.ac/gormley-tickets.
London, UK – 29 September 2017 – BNP Paribas has appointed Matthew Ponsonby as Head of UK Corporate Banking in its Corporate and Institutional Banking unit. In this newly-created role, Mr. Ponsonby will be responsible for managing the corporate business of the BNP Paribas Group in the UK and for spearheading its expansion. He reports to Anne Marie Verstraeten, UK Country Head, BNP Paribas Group and Yannick Jung, Head of EMEA Corporate Clients, Financing and Advisory.
In March, as part of its 2020 Business Development Plan, BNP Paribas CIB identified the UK as one of four target European markets in which it aims to expand its business, with a particular segmental focus on UK corporates and UK subsidiaries of multinational groups.
Ms. Verstraeten said: “We are committed to growing our already well-established UK franchise. Matthew’s extensive knowledge of the corporate landscape – in the UK and beyond – along with his unparalleled investment banking experience will help us achieve this goal. His excellent track record of combining strong debt franchises with M&A advisory makes him a particularly good fit for the task in hand.”
Mr. Ponsonby brings more than 30 years’ experience in financial services, in particular investment banking, equity markets and M&A. He has advised on transactions worth more than GBP350bn over the course of his career, including some of the largest transactions in EMEA. He joins from Barclays investment bank where he served from 2009-2017, most recently as Vice-Chairman and Global Co-Chief Operating Officer of Banking. Prior to this, Mr. Ponsonby worked for Citigroup where he held various senior positions including Head of European Utilities, Head of the Advisory Group in Japan, and Global Head of Infrastructure Investment Banking. Mr. Ponsonby has also held positions at Deutsche Morgan Grenfell and Andersen Consulting.
The BNP Paribas Group employs more than 7,500 staff in the UK, serving a broad client base through a comprehensive offering that includes corporate and institutional banking, securities services, real estate services, asset management, insurance, personal finance, leasing solutions and commercial finance. In 2017, the bank celebrates its 150th year of operation in the UK. BNP Paribas UK Corporate Banking comprises relationship coverage, corporate debt, advisory, trade and treasury teams.
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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) (www.cib.bnpparibas.com) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.