About Volkswagen Financial Services AG
As a wholly-owned subsidiary of Volkswagen AG, it operates and coordinates the financial services activities of the Volkswagen Group around the world.
As partner to the Volkswagen Group brands, Volkswagen Financial Services AG makes an important contribution to promoting sales and ensuring long-term customer loyalty to products from Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Ducati, Volkswagen Commercial Vehicles, MAN, and other Group brands. In addition, Volkswagen Financial Services AG is a longstanding partner of the dealership network – both as a provider of financial services and as an aide and advisor.
The company's approach of being able to offer everything from a single source has brought about many successful products up to now, all with the same idea behind them: to provide reliable services without any cost surprises. In addition to vehicle financing (outside the European Economic Area) and leasing, Volkswagen Financial Services AG offers numerous mobility services such as fleet management and rental solutions for vehicles from passenger cars to heavy commercial trucks. These are supplemented by all kinds of vehicle-related insurance solutions, payment solutions, and services in the areas of smart parking as well as fuel, charging and toll billing.
By linking and further developing these business segments, Volkswagen Financial Services AG will also be striving to occupy a prime position among the competition in future as well, for example in the field of services resulting from new forms of mobility and the requirements of fully networked motor vehicles.
Key Data
€ million (as of Dec. 31) | 2023 | 2022 |
---|---|---|
Total assets | 146,340 | 133,3671 |
Loans to and receivables from customers attributable to |
||
Retail financing | 23,5172 | 23,907 |
Dealer financing | 7,2102 |
5,536 |
Leasing business | 46,6792 |
41,235 |
Lease assets | 39,3522 |
34,927 |
Equity | 22,891 |
17,6071 |
Operating profit2 | 1,736 | 3,2221 |
Profit before tax2 | 1,802 | 3,0401 |
in percent (as of Dec. 31) | 2023 | 2022 |
Cost/income ratio3 | 474 |
43 |
Equity ratio5 |
15.6 | 13.2 |
Return on Equity6 | 8.94 |
19,01 |
Number (as of Dec. 31) | 2023 | 2022 |
Employees | 12,009 | 11,457 |
Germany | 5,577 | 5,980 |
International | 6,432 | 5,477 |
1 Prior-year figures restated.
2 The total value indicated for the Group is the sum of the items for continuing operation and for discontinued operation presented in the consolidated financial statements.
3 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.
4 The calculation is based on the total values for the Group obtained by adding the items presented in the consolidated financial statements for continuing operation to those fordiscontinued operation.
5 Equity / total assets
6 Profit before tax / average equity
Refinancing
Click here for the refinancing activities of Volkswagen Financial Services AG.
Annual Reports
Thank you for your interest in our annual reports. Below you will find the latest annual reports of Volkswagen Financial Services AG.
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Annual Financial Statements 2023
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 1.1 MB) -
Annual Financial Statements 2022
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 1.3 MB) -
Annual Financial Statements 2021
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 1.8 MB) -
Annual Financial Statements 2020
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 1.9 MB) -
Annual Financial Statements 2019
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 998.0 KB) -
Annual Financial Statements 2018
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 341.0 KB) -
Annual Financial Statements 2017
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 247.0 KB) -
Annual Financial Statements 2016
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 1.4 MB) -
Annual Financial Statements 2015
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 251.0 KB) -
Annual Financial Statements 2014
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 226.0 KB) -
Country-by-Country-Reporting 2014
Volkswagen Financial Services AG (Country-by-Country-Reporting) (PDF, 136.0 KB) -
Annual Financial Statements 2013
Volkswagen Financial Services AG (Individual financial statements according to HGB) (PDF, 639.0 KB)
Half-Yearly Financial Reports
Hier können Sie die Halbjahresfinanzberichte der Volkswagen Financial Services AG herunterladen.
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Group Half-Yearly Financial Reports 2023
Volkswagen Financial Services AG (January - June 2023) (PDF, 582.0 KB) -
Group Half-Yearly Financial Reports 2022
Volkswagen Financial Services AG (January - June 2022) (PDF, 1.1 MB) -
Group Half-Yearly Financial Reports 2021
Volkswagen Financial Services AG (January - June 2021) (PDF, 1.3 MB) -
Group Half-Yearly Financial Reports 2020
Volkswagen Financial Services AG (January - June 2020) (PDF, 1.4 MB) -
Group Half-Yearly Financial Reports 2019
Volkswagen Financial Services AG (January - June 2019) (PDF, 471.0 KB) -
Group Half-Yearly Financial Reports 2018
Volkswagen Financial Services AG (January - June 2018) (PDF, 457.0 KB) -
Group Half-Yearly Financial Reports 2017
Volkswagen Financial Services AG (January - June 2017) (PDF, 330.0 KB) -
Group Half-Yearly Financial Reports 2016
Volkswagen Financial Services AG (January - June 2016) (PDF, 407.0 KB) -
Group Half-Yearly Financial Reports 2015
Volkswagen Financial Services AG (January - June 2015) (PDF, 950.0 KB) -
Group Half-Yearly Financial Reports 2014
Volkswagen Financial Services AG (January - June 2014) (PDF, 632.0 KB) -
Group Half-Yearly Financial Reports 2013
Volkswagen Financial Services AG (January - June 2013) (PDF, 615.0 KB) -
Group Half-Yearly Financial Reports 2012
Volkswagen Financial Services AG (January - June 2012) (PDF, 503.0 KB) -
Group Half-Yearly Financial Reports 2011
Volkswagen Financial Services AG (January - June 2011) (PDF, 440.0 KB) -
Group Half-Yearly Financial Reports 2010
Volkswagen Financial Services AG (January - June 2010) (PDF, 1.4 MB) -
Group Half-Yearly Financial Reports 2009
Volkswagen Financial Services AG (January - June 2009) (PDF, 194.0 KB) -
Group Half-Yearly Financial Reports 2008
Volkswagen Financial Services AG (January - June 2008) (PDF, 779.0 KB)
Solvency and Financial Condition Reports
Mandatory Publications
Ad Hoc Announcements
Restructuring of the Volkswagen Financial Services Aktiengesellschaft and Volkswagen Bank GmbH subgroups
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
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Remuneration Report of the Financial Holding Group
of Volkswagen Financial Services AG as of 31. December 2016 (PDF, 108.0 KB)