Ayvens raises 2029 return on tangible equity target to 14%-16%

Car leasing company Ayvens, majority-owned by Societe Generale, has raised its 2029 target for return on tangible equity to 14%-16%, from the previous 13%-15% range under its PowerUP 2026 plan. The company anticipates a 4 percentage point improvement in its cost-to-income ratio to around 49% in 2029 from 53% in 2026, driven by productivity gains from AI automation, growth and upselling, and offsetting the impact of inflation and vehicle electrification.

Ayvens also aims to increase its funded fleet by at least 3% between 2026 and 2029, with earning assets expected to rise about 10% during the same period.

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