# Volkswagen’s financial services undergoing reorganization
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-02
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Volkswagen reorganizes financial services, boosts leasing
Meta Description: VW is combining its financial services to strengthen refinance and drive growth in leasing in Germany and Europe. Learn more about the changes here.
URL: https://financedigest.com/volkswagens-financial-services-undergoing-reorganizationhtml

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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](https://www.financedigest.com/simalliance-members-report-shipments-of-4-9-billion-sims-in-2017-while-estimated-total-available-sim-market-in-2017-increases-2-75-to-5-6-billion-units.html "SIMalliance Members Report Shipments of 4.9 Billion SIMs in 2017, while Estimated Total Available SIM Market in 2017 Increases 2.75% to 5.6 Billion Units   ") and Alexander Huebner; Editing by Chris Reese)


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