# Volkswagen’s financial services undergoing reorganization
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-03-02
Category: Finance
Category URL: https://fintechherald.com/category/finance
Meta Title: Volkswagen reorganizes financial services for growth in Europe
Meta Description: Volkswagen Bank and Volkswagen Financial Services are consolidating to strengthen leasing business in Germany and Europe. Learn more.
URL: https://fintechherald.com/volkswagens-financial-services-undergoing-reorganization

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FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financial Services said on Wednesday.

“By bundling its activities in a European financial services provider, the refinancing strength of Volkswagen Bank GmbH can best be used for the growth of the leasing business in Germany and Europe,” they said.

(Reporting by Tom Sims and Alexander Huebner; Editing by Chris Reese)


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