Equipment Finance News

BNP Paribas places mobility at the centre of its development projects


Environmental awareness, changes in regulations, new uses and technological advances are changing the field of mobility at all levels of the value chain, from car manufacturers, distributors, digital players to individuals.

With its historic role in the European mobility market, BNP Paribas has developed, across its various business lines, an in-depth understanding of the challenges facing the sector.

CIB supports and advises major manufacturing groups, Arval BNP Paribas deploys vehicle fleets and new mobility solutions, and BNP Paribas Leasing offers financing solutions for associated infrastructure. The Group’s commercial banks, BNP Paribas Personal Finance and BNP Paribas Cardif, support individuals with financing or insurance solutions.

“Our proximity to customers and stakeholders provides us with a depth of understanding of the key mobility challenges and the ability that allows us to build a comprehensive range of solutions that meet the needs of all players in this ecosystem, from manufacturers to end customers,” said Thierry Laborde, Chief Operating Officer of BNP Paribas.

“As part of our 2025 GTS strategic plan, we have placed mobility at the heart of our development projects. Today, through the strength of our integrated model, we are accelerating the integration of our capabilities at the service of our customers’ transition to tomorrow’s mobility.”

In addition to the revenues generated by each of its business lines, the Group has set itself the goal of generating an additional €1 billion of revenue through its transversal mobility initiatives, by 2025.

To reach this objective, the Group is drawing on its integrated model and the expertise of its business lines to offer coordinated solutions to support customers towards tomorrow’s mobility: consulting, industrial financing, company fleet management, car leasing, insurance, electrification of mobility, development of soft mobility, support for innovation and the launch of a multimodal mobility hub linking services from infrastructure across to the mobile app.

The Group’s mobility initiatives address three major challenges to ensure a fair and effective transition: Supporting customers in accelerating their energy transition; responding to new mobility needs and uses; and making mobility accessible for all.

In 2023, the first stage of an “all-in-one” digital platform will be launched for retail customers in France. Through an all-in-one digital platform, this offer aims to support retail customers, from gauging their mobility requirements to delivering the right vehicle.

In a few clicks, using the application or the mabanque website, BNP Paribas’ retail customers in France, will be able to define their needs according to their uses, budget and preferences, and identify the most suitable solutions: type of vehicle, method of financing between credit and leasing (long-term car rental or lease with an option to buy), insurance and related services.

To support customers in their transition to a more responsible mobility, a carbon footprint simulator will also be available on the platform as well as a user cost calculator to understand and optimise their expenses, beyond the face value of the vehicle. In parallel with the digital journey, customers will be able to call on an expert at any time to advise them.