{
  "id": 2882376,
  "title": "Cetelem makes a strong provision for 'revolving' cards",
  "url": "https://urgent.news/2026/08/23/cetelem-hace-una-fuerte-dotacion-por-las-tarjetas-revolving",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T22:01:24.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/banca/2026/08/24/6a6ce391468aeb50388b4599.html"
  },
  "original_language": "es",
  "account": "Cetelem, the consumer finance arm of BNP Paribas in Spain, has doubled its provisions to €96 million due to potential losses from revolving credit card lawsuits. The move has led to a loss of €47 million for the company. Other banks and consumer finance companies in Spain, such as WiZink and CaixaBank Payments & Consumer, have also made significant provisions, with WiZink having accumulated losses of over €350 million since 2020. Cetelem's provisions are based on current jurisprudence, which establishes that interest rates for revolving credit cards cannot exceed six points above the market average.",
  "summary": "La financiera de consumo de BNP Paribas en España multiplica por dos las provisiones, de 44 a 96 millones de euros. Cetelem es una de las cinco mayores compañías del sector en nuestro país. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}