Hyundai Capital Europe receives Banking license
Hyundai Capital Europe is pushing its growth in the European market and is taking steps to found its own captive automotive bank, Hyundai Capital Bank Europe, ranging Kia Finance and Hyundai Finance. Its service encompasses automotive financing to leasing and insurance, firstly to Kia car dealers and buyers, and then later to those of Hyundai. In 2017, the company will start direct banking services. KPMG Rechtsanwaltsgesellschaft (KPMG Law) as well as the Frankfurt based law firm Schalast counseled Hyundai Capital Europe in terms of legal issues with regard to the banking license.
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