Established in 1971, BMW Bank is a member of BMW Group Financial Services. The company provides financing solutions for purchasing and leasing for the brands of BMW, MINI and Rolls-Royce.
In 2017 total assets of BMW Bank GmbH were 26 611,97 mln EUR. In 2017 the bank's net income was 0,00 EUR.
BMW Bank GmbH participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
BMW Bank GmbH is headquartered in München.
|Total Assets (2017)|
|26 611.97 mln EUR (+4.83%)|
In 2017 total assets of BMW Bank GmbH were 26 611.97 mln EUR. Growth compared to the previous period (2016) was 4.83%. The evolution of the total assets of BMW Bank GmbH is shown at Chart 1 below.
Chart 1. Total Assets of BMW Bank GmbH.
|Net Income (2017)|
In 2017 net income of BMW Bank GmbH was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the net income of BMW Bank GmbH is shown at Chart 2 below.
Chart 2. Net Income of BMW Bank GmbH.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of BMW Bank GmbH failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of BMW Bank GmbH and its components are shown in the table below.
|Bank BIC Code||BMWB|
|Country Code||DE (Germany)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of BMW Bank GmbH is shown in the table below.
The following banks operating under BMW Bank brand name has been recently closed down: