Mercedes-Benz Bank AG

Mercedes-Benz Bank is an automotive bank and a subsidiary of Daimler Financial Services, a worldwide financial services company of Daimler Group. Mercedez-Benz Bank's product range is concentrated around vehicles and includes financing, leasing, insurance and fleet management for brands of Mercedes-Benz, Smart, Mitsubishi Fuso and Setra. Mercedez-Benz Bank also offers savings and time deposit accounts and payment cards via direct banking services.

Services

Retail Banking
Leasing
Fleet Management
Insurance

Products

Financials

Total Assets (2017)
26 246.53 mln EUR  (+12.36%)
Net Income (2017)
0.00 EUR

In 2017 total assets of Mercedes-Benz Bank AG were 26 246,53 mln EUR. In 2017 the bank's net income was 0,00 EUR.

Mercedes-Benz Bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Siemensstraße 7, 70469, Stuttgart, Germany

Mercedes-Benz Bank AG is headquartered in Stuttgart.

Bank Identifiers

BIC (SWIFT)
MEBEDE6SDCB
MFI ID
DE04051

Business Summary

Business Focus
providing vehicle financing
Services
retail banking
leasing
fleet management
insurance
Products
savings accounts (0.05 - 0.05 %)
time deposit accounts (0.01 - 0.85 %)

Mercedes-Benz Bank AG is focused on providing vehicle financing. Mercedes-Benz Bank AG provides products and services in the areas of retail banking, leasing, fleet management, insurance. The range of products offered by Mercedes-Benz Bank AG includes savings accounts (0.05 - 0.05 %), time deposit accounts (0.01 - 0.85 %).

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with Mercedes-Benz Bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. Mercedes-Benz Bank AG offers the following savings accounts.

Updated on 15 December 2018

Tagesgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Tagesgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
1 - 99
Investment Amount
1 - 999999 EUR
Interest Frequency
12 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Mercedes-Benz Bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. Mercedes-Benz Bank AG offers the following time deposit accounts.

Updated on 15 December 2018

Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
3
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
3
Investment Amount
2500 - 999999 EUR
Interest Frequency
4 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
6
Investment Amount
2500 - 999999 EUR
Interest Frequency
2 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
9
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
9
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.15 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.15 %
Deposit Term (months)
12
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.45 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.45 %
Deposit Term (months)
24
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
36
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.65 %
Deposit Term (months)
48
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.65 %
Deposit Term (months)
48
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
60
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year
Festzinskonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.85 %
Deposit Term (months)
72
Time Deposit Account Details
Product Name
Festzinskonto
Account Currency
EUR
Interest Rate (p.a.)
0.85 %
Deposit Term (months)
72
Investment Amount
2500 - 999999 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
26 246.53 mln EUR  (+12.36%)

In 2017 total assets of Mercedes-Benz Bank AG were 26 246.53 mln EUR. Growth compared to the previous period (2016) was 12.36%. The evolution of the total assets of Mercedes-Benz Bank AG is shown at Chart 1 below.

Total Assets of Mercedes-Benz Bank AG.

Chart 1. Total Assets of Mercedes-Benz Bank AG.

Profit and Loss

Net Income (2017)
0.00 EUR

In 2017 net income of Mercedes-Benz Bank AG was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the net income of Mercedes-Benz Bank AG is shown at Chart 2 below.

Net Income of Mercedes-Benz Bank AG.

Chart 2. Net Income of Mercedes-Benz Bank AG.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
43rd (market share 0.33%)

In 2016 Mercedes-Benz Bank AG was ranked the 43rd largest bank in Germany in terms of total assets, having 0.33% of the domestic market share.

Market share of Mercedes-Benz Bank AG (among banks in Germany)

Chart 3. Market share of Mercedes-Benz Bank AG (among banks in Germany)

Several banks having the market shares and ranks closest to Mercedes-Benz Bank AG are shown below.

RankNameTotal AssetsMarket Share
42Kreissparkasse Köln25144.44 mln EUR0.35%
43Mercedes-Benz Bank AG23359.25 mln EUR0.33%
44HSBC Trinkaus & Burkhardt AG22747.35 mln EUR0.32%
 

Deposit Guarantee

Deposit Guarantee
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 Mercedes-Benz Bank AG 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

Further Information

BIC

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 Mercedes-Benz Bank AG and its components are shown in the table below.

BIC  MEBEDE6SDCB
Bank BIC Code  MEBE
Country Code  DE (Germany)
Location Code  6S
Branch Code  DCB

MFI ID

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 Mercedes-Benz Bank AG is shown in the table below.

MFI ID  DE04051

European Presence: 6 banks in 6 countries

Mercedes-Benz Bank AG operates under the brand name Mercedes Benz Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

France

Germany

  • (this bank) Mercedes-Benz Bank AG (Stuttgart)

Poland

Spain

United Kingdom

Defunct Banks: 1 bank in 1 country

The following banks operating under Mercedes Benz Bank brand name has been recently closed down:

Greece