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 83.0 billion as at 31 December 2018 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 34 billion at the end of 2017, 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".
