Volkswagen Bank was founded in 1949 and has its central task to promote sales for Volkswagen Group and its brands. Volkswagen Bank provides financing products ranging from financing of new and used vehicles of all Volkswagen Group’s brands to dealer financing. Volkswagen Bank also provides savings and investment products, credit cards and securities trading via direct banking.
Volkswagen Bank GmbH is the 16th largest bank in Germany in terms of total assets. In 2018 its total assets were 71 612,27 mln EUR, providing the bank with the market share of 1.01%. In 2018 the bank's net income was 0,00 EUR.
Volkswagen Bank GmbH is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
Volkswagen Bank GmbH participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Volkswagen Bank GmbH is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
Volkswagen Bank GmbH is headquartered in Braunschweig.