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Key Data of Volkswagen Financial Services AG

Volkswagen Financial Services AG at a glance

€ million (as of Dec. 31) 2019 2018
Total assets 112,444 80,462
Loans to and receivables from customers attributable to
   
   Retail financing 20,712 16,676
   Dealer financing 5,413
4,062
   Leasing business 39,951
19,760
Lease assets 22,776
13,083
Equity 12,029
8,016
Operating profit 1,223 844
Profit before tax 1,264
818
     
in percent (as of Dec. 31) 2019 2018
Cost/income ratio1 54
59
Equity ratio2
10.7 10.0
Return on Equity3 12.6
10.5
     
Number (as of Dec. 31) 2019 2018
Employees 10,773 8,603
   Germany 5,763 5,340
   International 5,010 3,263

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. 1 Due to the reorganization of the legal entities, return on equity for 2017 is determined using only the equity as of December 31, 2017.

More Information about Volkswagen Financial Services AG

Control and Profit and Loss Transfer Agreement

Control and Profit and Loss
Transfer Agreement