RCI Bank and Services financed more than 1.7 million vehicles last year as demand leapt 13.2% compared to 2016.
It wrote 1,771,000 new financing contracts worth €20.6 billion for new and used vehicles during the year, with an average penetration rate of 42.6%.
Group pre-tax income rose 18.1% year-on-year to €1.077 billion, supported by reduced operating costs.
RCI Bank and Services is the commercial identity of RCI Banque.
Created and wholly owned by Groupe Renault, RCI Banque provides auto finance and related services for the customers and dealership networks of Groupe Renault (Renault, Renault Samsung Motors and Dacia) worldwide, the Nissan Group (Nissan, Infiniti and Datsun) mainly in Europe, Brazil, Argentina and South Korea and through joint ventures in Russia and India, along with Mitsubishi Motors in the Netherlands.
During the year, it issued nearly 1.5 million financing contracts for new vehicles, up 12.7% compared to 2016, while finance for used models leapt 15.7% to 320,000 contracts.
It also continued to invest in the development of new mobility services.
The company relaunched the start-up Karhoo, a mobility platform, acquired Yuso, an automated fleet management system for taxis, ride-hailing vehicles and delivery services, and Marcel, a ride-hailing booking platform in Ile-de-France.
Clotilde Delbos, chairman of RCI Bank and Services, said: “In a context of strong business momentum on the part of the Alliance brands, RCI Bank and Services achieved remarkable performances.
“The strategy of RCI Bank and Services is part of Groupe Renault's strategic plan aimed at maintaining high profitability over the long-term and thereby contributing to the success of the Alliance."