# Volkswagen’s financial services undergoing reorganization
Published: 2023-03-02
Category: Finance
Category URL: https://blockchaintribune.com/category/finance/
Meta Title: Volkswagen reorganizes financial services for growth in lease business
Meta Description: Volkswagen restructures Volkswagen Bank and Volkswagen Financial Services to boost leasing business growth in Germany and Europe. Find out more here.
URL: https://blockchaintribune.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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