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 19th largest bank in Germany in terms of total assets. In 2017 its total assets were 69 015,60 mln EUR, providing the bank with the market share of 1.01%. In 2017 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 A1 (upper medium grade).
Volkswagen Bank GmbH participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100,000 EUR per bank per depositor.
Volkswagen Bank GmbH is headquartered in Braunschweig.