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Prague, October 2006
2
Consumer finance
A social and
economic role.
3
Consumer finance in the world
3 possibilities...
- cards
- bank overdrafts
- classic loans
3 levels of indebtedness...
4
Indebtedness in Europe
5
Indebtedness in Europe
6
Indebtedness in Europe
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Overindebtedness in France
- In 73% of cases: accidents of life (unemployment, illness, separation)
- In 14% of cases: too many loans
Source Banque de France / 2005 survey
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Cetelem Focus
- N° 1 in consumer finance in France and continental Europe
- N°2 in the Czech Republic
- 25 countries in the world
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Cetelem Focus
A mission :
- To develop responsible credit
‘YES to the development of credit,
NO to overindebtedness’
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Conclusion
Cetelem is the first player to combat overindebtedness.