Volkswagen Financial Services AG at a glance
| € million (as of Dec. 31) | 2022 | 2021 | |
| Total assets | 133,341 | 124,590 |
|
| Loans to and receivables from customers attributable to |
|||
| Retail financing | 23,907 | 22,903 |
|
| Dealer financing | 5,536 |
3,868 |
|
| Leasing business | 41,235 |
40,901 |
|
| Lease assets | 34,927 |
32,066 |
|
| Equity | 17,625 |
14,433 |
|
| Operating profit | 3,207 | 2,987 |
|
| Profit before tax | 3,003 | 3,005 |
|
| in percent (as of Dec. 31) | 2022 | 2021 | |
| Cost/income ratio1 | 43 |
41 |
|
| Equity ratio2 |
13.2 | 11.6 |
|
| Return on Equity3 | 18.7 |
22.1 |
|
| Number (as of Dec. 31) | 2022 | 2021 | |
| Employees | 11,457 | 11,021 |
|
| Germany | 5,980 | 5,901 |
|
| International | 5,477 | 5,120 |
1 General and administrative expenses, adjusted for expenses passed on to other entities in the Volkswagen Group / interest income from lending transactions and marketable securities, net income from leasing transaction, interest expenses, net income from service contracts, net income from insurance business, provision for credit risks and net fee and commission income.
2 Equity / total assets
3 Profit before tax / average equity.
