Examples of Orange Bank in a sentence
Orange Bank offers a banking model designed around the mobile uses of customers.
The launch of the Orange Bank offer in 2017 also leverages the expertise already acquired by the Group in financial services with Orange Money (see Section 1.3.3 Africa & Middle East) and Orange Cash (see Section 1.3.1 France).
In addition, Orange Bank continues to offer car loans sold in the Groupama network alongside vehicle insurance.On the international stage, Orange Bank was launched in Spain at the end of 2019.
In 2020, the bank expanded its range with the launch of the Premium Pack, the first offer on the market intended for parents and up to five children, from age ten.The Orange Bank app offers innovative features, relying heavily on telecom uses.
A specific type of loan that allows customers to finance the purchase of products available in the store (mobile phones, accessories, etc.) is also offered across the Orange network.After the acquisition of Orange Courtage in 2020, which enabled the bank to reach a new milestone in its cross-selling policy with Orange by becoming an insurance broker, and that of neobank Anytime, in January 2021, which specializes in business banking, Orange Bank launched Prêt Express (express loan) in 2022.
The Net Banking Income (NBI) of Orange Bank is recognized in other operating income (see Note 4.2 to the consolidated financial statements).
Net financial debt as defined and used by Orange does not incorporate the Orange Bank activities for which this concept is not relevant.For further information on the risks relating to the Orange group’s financial debt, see Section 2.1.3 Financial risks.3.1.1.2 Summary of 2017 resultsIn 2017, Group revenues and adjusted EBITDA grew for the second consecutive year.
Finally, 55,000 customers had subscribed to the Orange Bank offer at December 31, 2017.Revenues totaled 41,096 million euros in 2017, up 0.4% on a historical basis and 1.2% on a comparable basis compared with 2016.
The acquisition of Groupama Banque, now Orange Bank, in 2016, which launched its new banking offer in November 2017, illustrates the goal of diversifying into the mobile financial services sector.In 2006, Orange became the Group’s main brand for Internet, television and mobile telephony services in the majority of countries where it operated, most importantly France and Spain.
The Mobile Financial Services Division includes the activities of Orange Bank and Orange Bank Africa.