Volkswagen Bank GmbH

About Volkswagen Bank GmbH

 

Volkswagen Bank GmbH is a wholly-owned subsidiary of Volkswagen Financial Services AG and has been active in the market since 1949.  The services offered by Volkswagen Bank extend from financing new and used vehicles of all Volkswagen Group brands to direct banking and dealer financing. The focus is on both private and business customers in various European markets. Today, Volkswagen Bank is the leading automotive bank in Europe. As measured by its volume of deposits, which currently stands at EUR 37.6 billion (as at 31 December 2023), Volkswagen Bank is also one of the largest direct banks in Germany.  

Key Data

in € million (as of December 31) 2023
 2022
Total assets
 72,077 61,225
Loans and receivables to
    
Retail financing 28,285 28,864
Dealer financing 15,268 12,523
Leasing business 3,390 3,054
Customer deposits 38,178
 26,226
Equity 11,043 10,909
Operating profit 740
 761
Profit before tax 788
 752
Income tax expense -147 -290
Profit after tax 640 462
     
in % (as of December 31) 2023 2022
Equity ratio 15.3 17.8
Common Equity Tier 1 capital ratio1 17.5
 18.2
Tier 1 capital ratio1 17.5 18.2
Total capital ratio1 17.5 18.3
     
Number (as of December 31) 2023 2022
Employees 1,534 1,506

1 Regulatory ratios in accordance with Article 92(1) of the CRR.

Refinancing

Click here for the refinancing activities of Volkswagen Bank GmbH.

Annual Reports

Here you can download the annual reports of Volkswagen Bank GmbH.

Click here for the refinancing activities of Volkswagen Bank GmbH.

Half-Yearly Financial Reports

Here you can download the half-yearly financial reports of Volkswagen Bank GmbH.

Disclosure Reports

Report on the solvency and financial position of Volkswagen Bank GmbH

Thank you for your interest in the disclosure reports of Volkswagen Bank GmbH in accordance with Capital Requirements Regulation (EU) No. 575/2013.

Mandatory Publications


Here you will find mandatory publications of Volkswagen Bank GmbH pursuant to Capital Requirements Regulation / Regulation (EU) No. 575 / 2013.

Ad Hoc Announcements


Reorganization of the subgroups of Volkswagen Financial Services Aktiengesellschaft and Volkswagen Bank GmbH 

Braunschweig, 1 March 2023.

Today, the management board of Volkswagen Financial Services Aktiengesellschaft and the board of managing  directors of Volkswagen Bank GmbH resolved to initiate a reorganization of the subgroups of Volkswagen Financial Services Aktiengesellschaft and Volkswagen Bank GmbH.

To implement the planned reorganization, the majority of the German and European companies (including the respective subsidiaries and participations) as well as other assets, liabilities and further legal relationships of Volkswagen Financial Services Aktiengesellschaft and Volkswagen Bank GmbH (including its participations) shall be combined and consolidated under a new financial holding company supervised by the ECB. The shares in Volkswagen Leasing GmbH shall be completely transferred to Volkswagen Bank GmbH. The current Volkswagen Financial Services Aktiengesellschaft shall act as a holding company for non-European companies. In the context of the planned measures, existing control and profit and loss transfer agreements shall also be adjusted and extended to the new financial holding company. Both the new financial holding company and the holding company for non-European companies will continue to be an integral part of the Volkswagen Group, but with different geographic business focus.

By bundling its activities in a European financial services provider, the refinancing strength of Volkswagen Bank GmbH can best be used for the growth of the leasing business in Germany and Europe. The Volkswagen Group is thus laying the foundation for the successful implementation of the Group's strategy in the mobility sector, taking into account the regulatory framework.

It is intended to complete the main steps of the reorganization mid-2024. The implementation of the reorganization is subject to the approval of the supervisory board of Volkswagen Aktiengesellschaft.



Braunschweig, 1 November 2016.

Today, the supervisory board of Volkswagen Financial Services AG approved a reorganization measure of the Volkswagen Financial Services Group. Volkswagen Bank GmbH, which is currently a subsidiary of Volkswagen Financial Services AG, shall become a direct subsidiary of Volkswagen AG by way of a spin-off, providing consolidation of banking activities relevant to European Central Bank authority and allowing for the separate regulation of European banking activities from other financial services provided by the Volkswagen Financial Services Group. The aim of such reorganization is improved transparency for the regulatory authority and increased efficiency. The implementation of this measure is subject to the approval of the supervisory board of Volkswagen AG.

Remuneration Reports

Articles of Association of Volkswagen Bank GmbH

Here you can download the Articles of Association of Volkswagen Bank GmbH.

More information