News & press releases

Arval, the BNP Paribas company specialised in the Operational Leasing of multibrand corporate vehicles, has just taken over the management of ORAC (Option Rent A Car) – a subsidiary of BNP Paribas Hellas, dedicated to the Operational Leasing of upscale vehicles. This subsidiary will come under the Arval name in the near future.

Greece, with a population of 11 million and a fleet of over 5 million light vehicles, represents a significant country in Arval’s strategy for European development. In this country, one-third of the corporate car fleet, totalling over 100 000 vehicles, already resorts to Operational Leasing.

In a highly scattered and competitive market, Arval aims to quickly become one of the leaders in its field, through a differentiated offer of services as well as opportunities linked to the presence of BNP Paribas on its territory. Furthermore, Arval will be in a position to meet the growing demand of its international customers on the Greek market, by ensuring a high service quality level.

Bruno ROUSSET, who has spent six years with Cetelem in Asia before joining Arval at the end of 2006, has been entrusted with the General Management of this new entity.

BNP Paribas has been present in Greece since 1982 and is ranked as one of the leading foreign banks in the country. The Group is active in the fields of CIB - Corporate and Investment Banking - (Energy Commodities Export and Project, Fixed Income, Structured Finance, Corporate Finance, Shipping Finance), Private Banking and Securities. BNP Paribas’ activities also include subsidiaries such as BNP Paribas Lease Group (Equipment Solutions), UCI and CETELEM (Personal Finance).