BBVA has forged a strategic partnership with Stellantis to acquire 50 percent of FCA Compañía Financiera (FCA CF), an Argentine company that offers financing to retail customers and the dealer network for the Fiat, Jeep, and RAM brands operating in the country. The deal was struck for a price of around 34,789 million Argentine pesos and was preceded by a capital increase at the company of 11,345 million Argentine pesos, which was subscribed entirely by Stellantis.
The Stellantis Group came about following a merger between the PSA Group and FCA Group in 2021. This latest alliance between BBVA’s subsidiary in Argentina and Stellantis marks their second joint venture, following an earlier vehicle financing partnership for individual customers and dealerships of the Peugeot, Citroën, and DS Automobiles brands.
For Jorge Bledel, country manager of BBVA in Argentina: “This deal is a further show of our long-term commitment to the country. It lets us further improve our new vehicle financing service for customers in a market with immense potential alongside Stellantis, an industry leader.” The agreement also unlocks new opportunities to boost customer acquisition for individuals and SMEs alike.
The Argentine vehicle market stood at 523,622 units sold as of October 2025, marking a sharp increase compared with the 348,000 units sold in the same period of the previous year. This goes to show that the sector is undergoing a recovery process that bodes well for the near future. According to BBVA Research estimates, Argentina is expected to post GDP growth of 4.5 percent for 2025, driven by an upturn in real incomes, stronger private consumption, the gradual normalization of credit, and a disinflationary environment that should boost economic activity.