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.
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.
Mercedes-Benz Bank AG is headquartered in Stuttgart.
| 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 %).
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
GermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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
GermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
| 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.
Chart 1. Total Assets of Mercedes-Benz Bank AG.
| 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.
Chart 2. Net Income of Mercedes-Benz Bank AG.
| 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.
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.
| Rank | Name | Total Assets | Market Share |
|---|---|---|---|
| 42 |  Kreissparkasse Köln | 25144.44 mln EUR | 0.35% |
| 43 |  Mercedes-Benz Bank AG | 23359.25 mln EUR | 0.33% |
| 44 |  HSBC Trinkaus & Burkhardt AG | 22747.35 mln EUR | 0.32% |
| 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 |
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 (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 |
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:
(this bank) Mercedes-Benz Bank AG (Stuttgart)The following banks operating under Mercedes Benz Bank brand name has been recently closed down:
