VOLKSWAGEN BANK GMBH

Volkswagen Bank GmbH is the captive bank of Volkswagen Group, headquartered in Braunschweig, Germany, and operating under a German credit institution license. It is supervised by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank, with eligible deposits protected by the statutory German deposit guarantee scheme up to 100,000 EUR per depositor. The bank focuses on mobility-related financial services for the group’s brands (e.g., Volkswagen, Audi, Škoda, SEAT/CUPRA), including consumer auto loans, leasing, and insurance mediation, and provides wholesale financing for dealerships such as inventory (floorplan) and working-capital facilities. In Germany it markets retail deposit products such as savings and term deposits primarily under the Volkswagen Bank direct brand, and serves additional European markets through branches. Funding is sourced from customer deposits, capital markets issuance, and securitization of auto receivables (e.g., the “Driver” program). Digital onboarding and account management are available for eligible residents, with product terms, fees, and interest rates set by tariff and subject to change. As a captive institution, its asset mix is concentrated in automotive receivables from group brands and dealer networks, and its performance is sensitive to vehicle sales volumes, used-car values, and residual-value risk. Prospective customers should review current conditions, identification requirements, and coverage limits before opening an account or arranging financing.