Iveco Group, a world leader in the automotive sector operating in the areas of commercial and special vehicles, engines and transmissions, and related financial services, and Santander Consumer Bank, a specialist in vehicle financing, have agreed to renew their long-term retail financing partnership for IVECO in Spain. 

The excellent collaboration among the organizations through the Joint Venture Transolver Finance has led to significant expansion since its creation in 1986, becoming a guarantee of continuity for the IVECO CAPITAL brand as IVECO's brand captive. This partnership excels in offering all financing solutions, including insurance and services, that allow IVECO customers to improve their operational capabilities. The IVECO CAPITAL Card is a great example of our offer reserved for IVECO customers and intended for financing workshop services in the IVECO Network.

Simone Olivati, President of Financial Services at Iveco Group: "We are delighted to extend our long collaboration with Santander Consumer Bank. This renewal means continuing the commitment, professionalism, and dedication to offering innovative, flexible financial solutions tailored to the needs of our common customers. This mutual commitment will continue to drive sustainable growth and success throughout the Spanish market. And as a sign of the long journey together, we are pleased to step into our 40^th year of partnership with Santander Consumer Bank."

Fernando Jáñez, General Director of Santander Consumer Bank in Spain: "After 40 years of successful collaboration, we are very pleased to have renewed our agreement with Iveco Group, which allows us to consolidate our leadership in the commercial and industrial vehicle financing sector, betting on operational excellence, innovation, and the best service to our partners and customers."

The partnership with Santander Consumer Bank continues to strengthen Iveco Group's market position in commercial offerings and drive the growth of commercial and industrial vehicle sales.

About Santander Consumer

Santander Consumer Finance is a leading consumer finance bank. It is present in 16 European countries, Canada and China. Its business activity is focused on supporting its customers by offering them the best banking and financial solutions, and helping its partners (OEMs, dealers and merchants) to boost their sales capacity by financing their products and developing advanced technologies to give them a competitive edge. With more than 15,000 professionals at the end of 2024, SCF serves 17 million customers and 130,000 point of sale partners. It is part of Digital Consumer Bank, one of the five global businesses of Banco Santander, which encompasses the consumer finance business of the group worldwide.

In Spain, it operates with the Santander Consumer Bank brand and offers its financing solutions through more than 18,000 retailers, distribution chains, and automotive dealers, and directly through personal loans and its Santander Consumer card.

About IVECO CAPITAL

IVECO CAPITAL is the financial services brand of Iveco Group that offers a comprehensive range of solutions for the purchase, rent or lease of commercial and industrial vehicles, and buses. Customers can build their financial formula modulating financing, insurances and services (e.g., mobility service card, “ELEMENTS” maintenance and repair, uptime monitoring, services available on IVECO ON), to fit their always evolving needs. IVECO CAPITAL contributes value to its customers’ businesses, leveraging its long-standing presence in the market. It is a reliable partner to customers around the world, steadily offering easy access to its dynamic and innovative service ecosystem.

Discover more at: www.ivecocapital.com

Contact:

Sonia Navarro, Communication Director

Tel: +34 626749580

E-mail: sonia.navarro@ivecogroup.com

Mónica García, IVECO CAPITAL Marketing Director

Tel: +34 646055611

E-mail: monica.garcia@iccapital.com