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Volkswagen Financial Services

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA, Canada, and Spain that belong directly or indirectly to Volkswagen AG - with the exception of the financial services of the Scania brand and Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, the bank and insurance business, fleet management and mobility offers. Volkswagen Financial Services have a total of 14,560 employees worldwide. Volkswagen Financial Services report total assets of around EUR 225.6 billion, an operating result of EUR 2.8 billion euros and a portfolio of around 21.9 million current contracts (as at: 31.12.2020).

Volkswagen Bank GmbH

Volkswagen Bank GmbH, founded in 1949, is a wholly owned subsidiary of Volkswagen AG. With a balance-sheet total of 66.9 billion euros as at December 31st, 2020 and a current level of 3.7 million contracts, Volkswagen Bank has long been Europe's leading automobile bank. The products and services of Volkswagen Bank GmbH range from the financing of new and used vehicles of all the Group's brands, over direct banking, to dealer financing.

Volkswagen Financial Services AG

Volkswagen Financial Services AG is the biggest automotive financial services provider in Europe with a balance-sheet total of 117.8 billion euros as of 31.12.2020 and a current level of 15.4 million contracts. Volkswagen Financial Services AG has a total of more than 10,880 employees worldwide. As a wholly owned subsidiary of Volkswagen AG, Volkswagen Financial Services AG operates and coordinates the financial services activities of the Volkswagen Group throughout the world.