RCI Finance Morocco, the financial company of Renault Group Morocco, which recently became Mobilize Financial Services, recorded in the first six months of 2022 a decrease of 3,1% in factoring outstanding and increase of 1.8% in new vehicle financing, compared to the same period of 2021.
In addition, RCI Finance Maroc confirms that, despite the good performance of sales, net banking income (NBI) was down 5.4% compared to the same period of last year, under combined effects of a lower contribution from dealer credit and factoring activities. In the second quarter of 2022 alone, NBI fell by 7.9%.
However, the consolidated NBI of the company is up by 3.8% compared to 2021, driven by the service activity, showing continuous growth and supporting the group's development ambitions.
