Press Releases

date

 
Braunschweig/Frankfurt am Main,
September 13, 2017

Volkswagen Financial Services press ahead with digitalisation and open up new "Payment" business field for the Volkswagen Group

Volkswagen Financial Services are driving the further digitalisation of their business. Stefan Imme will be responsible as Chief Digital Officer for the coordination and further development of the worldwide digitalisation measures of Volkswagen Financial Services. All payment activities of the Volkswagen Group will in future be realised through Volkswagen Financial Services.  

... more
Braunschweig,
September 8, 2017

Volkswagen Financial Services issue bonds in Australian dollars

Volkswagen Financial Services Australia Pty Limited, a subsidiary of Volkswagen Financial Services AG, has placed two bonds with a total volume of 325 million Australian dollars (AUD) (around EUR 217 million). The issue took place within the framework of the AUD 3 billion Debt Issuance Programme. The bonds are anticipated to carry the ratings A3/BBB+ (Moody’s/Standard & Poor's).

... more
Braunschweig/Beijing,
September 7, 2017

Volkswagen Financial Services placed seventh Auto ABS transaction in China

Volkswagen Financial Services have successfully placed their seventh Chinese Auto Asset-Backed Securities (ABS) transaction. The securitisation transaction, Driver China seven, which is backed by vehicle financing contracts from Volkswagen Finance China, has a volume of around four billion renminbi (RMB), or approximately 514 million euros.

... more
Braunschweig,
September 6, 2017

Volkswagen Bank place British Auto ABS transaction

Volkswagen Bank has placed the securitisation transaction Driver UK six with a volume of around 450 million pounds sterling (GBP), or around EUR 490 million. The transaction is securitised with receivables from Volkswagen Financial Services (UK) Limited.

... more
Braunschweig,
September 1, 2017

Volkswagen Financial Services have a new organisational set-up

Effective from today, Volkswagen Bank GmbH is now a wholly owned subsidiary of Volkswagen AG. Volkswagen Financial Services initiated a corporate restructuring in November of last year. The aim of the realignment has been to bundle the credit and deposit business within the European Economic Area (EEA) in Volkswagen Bank GmbH. All other activities, such as the leasing, insurance, service and mobility business, as well as the credit business outside Europe, remain with Volkswagen Financial Services AG. Through a new company, Volkswagen Financial Services Digital Solutions GmbH, selected services are developed and made available to its parent companies Volkswagen Bank GmbH and Volkswagen Financial Services AG.

... more
Braunschweig,
August 2, 2017

Volkswagen Financial Services increase earnings forecast

Volkswagen Financial Services are well on course in 2017 und have successfully completed their first half-year with an operating result of EUR 1.2 billion (previous year: EUR 995 million; plus 17 percent). New contract acquisitions increased worldwide by 2.1 percent to more than 3.8 million. The overall level of current contracts rose by 8.2 percent compared to the same period last year and reached a figure of more than 18.8 million at the end of June.

... more
Braunschweig,
June 29, 2017

Volkswagen Financial Services are back on the euro capital market

Volkswagen Leasing GmbH has today placed a total of three bonds with a volume of 3.5 billion euros. This is the largest capital market transaction carried out to date by Volkswagen Financial Services. The transaction was more than two times oversubscribed. All bonds are guaranteed by Volkswagen Financial Services AG and rated by Standard & Poor's with the grade BBB+ and by Moody's with A2. The last occasion was August 2015 when Volkswagen Financial Services issued a public bond in euros, then also through Volkswagen Leasing GmbH. Volkswagen Leasing GmbH is a wholly-owned subsidiary of Volkswagen Financial Services AG.

 

... more
Braunschweig,
June 27, 2017

Volkswagen Financial Services issue various bonds

Volkswagen Financial Services have successfully issued bonds in various currencies. The issues were carried out with volumes of 500 million Australian dollars (AUD), 500 million Brazilian reals (BRL), one and a half billion Indian rupees (INR) and two billion Mexican pesos (MXN). 

... more