Volkswagen Bank GmbH

About Volkswagen Bank GmbH



Volkswagen Bank GmbH, which was founded in 1949, is a wholly-owned subsidiary of Volkswagen AG and a sister company of Volkswagen Financial Services AG. Its central task is to promote sales for the Volkswagen Group and its brands. The products and services of Volkswagen Bank range from financing new and used vehicles from all the Group's brands to direct banking and dealer financing.

With total assets of EUR 61.2 billion as at 31 December 2022 and a portfolio of more than 2.5 million customer financing contracts, Volkswagen Bank has long been Europe's leading automobile bank. As measured by its volume of deposits totaling just under EUR 26.2 billion at the end of 2022, Volkswagen Bank direct, a business division of Volkswagen Bank, is one of the largest direct banks in Germany.

Volkswagen Bank has always taken on a pioneering role in the development of future-oriented products, for instance with the conception of the three-option financing product AutoCredit. A complex range of offers up to and including individual product packages ensures carefree mobility for the customer. The products are offered by the Group's dealers as soon as a car is selected as part of a one-stop shopping policy.

Volkswagen Bank offers its customers financial flexibility with its direct banking products. The portfolio includes savings and investment products, credit cards, and dealings in securities.

The Volkswagen trading partners can finance new and used cars as well as spare parts and investments through Volkswagen Bank.

Volkswagen Bank is represented in a total of ten European countries using the "European Passport".


Key Data

in € million (as of December 31) 2022
2021
Total assets
61,225 67,253
Loans and receivables to
   
Retail financing 28,864 31,073
Dealer financing 12,523
9,026
Leasing business 3,054 2,928
Customer deposits 26,226
26,489
Equity 10,909 10,861
Operating profit 761
1,137
Profit before tax 752
1,107
Income tax expense -290 -328
Profit after tax 462
779
     
in % (as of December 31) 2022 2021
Equity ratio 17.8 16.1
Common Equity Tier 1 capital ratio1 16.9
19.0
Tier 1 capital ratio1 16.9 19.0
Total capital ratio1 16.9 19.0
     
Number (as of December 31) 2022 2021
Employees 1,506 1,906

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.


Articles of Association of Volkswagen Bank GmbH

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