Mercedes-Benz Bank launches operations in Austria - Mercedes Benz SLK Forum
Off Topic Anything but SLK talk. Please Note that religious and political discussions are not allowed....

LinkBack Thread Tools
#1 Old 11-03-2015
Premium Member
Join Date: Sep 2010
Location: Phoenix
Vehicle: 1999 slk 230
Other Toys: 1966 Mercedes Heckflosse
Posts: 14,573
Chats: 0
Mentioned: 15 Post(s)
Tagged: 0 Thread(s)
Quoted: 530 Post(s)
Thanks: 1,120
Thanked 1,420 Times in 958 Posts
(Thread Starter)
Mercedes-Benz Bank launches operations in Austria

By: News Release November 3, 2015

Daimler Financial Services acquires Welcome financial services group of automobile dealer Wiesenthal Autohandels AG
Welcome Bank is renamed Mercedes-Benz Bank
Daimler can now offer auto loans to customers and inventory financing loans to dealers throughout Austria for the first time
Market presence to be significantly expanded beyond existing leasing business — portfolio to be doubled to about €1 billion by 2020
Daimler’s financial services division in Austria is being realigned through the acquisition of the financial services business of Wiesenthal Autohandels AG. The new acquisition is the Welcome Group, which currently has a contract volume of about €100 million.

The Group’s Welcome Bank GmbH was renamed Mercedes-Benz Bank GmbH on October 30, 2015. Through this bank, Daimler Financial Services will offer financing for new and preowned vehicles in Austria for the first time. Starting in the first quarter of next year, Daimler dealers throughout Austria will be able to offer their customers a broader range of financial services and also finance their own inventory through the new bank. Previously the Welcome Group was only able to offer leasing and insurance products via Mercedes-Benz Financial Services Austria GmbH. The Group’s existing customers will retain their contracts. The new Mercedes-Benz Bank GmbH in Vienna will operate independently of Mercedes-Benz Bank AG in Stuttgart, which also offers direct banking with customer deposits. The leasing and insurance activities of the Welcome Group have been merged with Mercedes-Benz Financial Services Austria GmbH.
“We are investing in Austria because it is an important growth market for us. We want to double our portfolio in Austria to approximately €1 billion by 2020,” says Franz Reiner, the Daimler Financial Services AG Board of Management member responsible for the Europe region. “The new Mercedes-Benz Bank will play a major role in this regard, because from now on we can also offer auto financing in this country.”

Daimler’s financial services division is also receiving additional momentum from the successful sales performance of Mercedes-Benz. Whereas new vehicle registrations in Austria have decreased slightly in the past three years, Mercedes-Benz was able to increase its sales. Today it is the fastest-growing premium auto brand in Austria. Mercedes-Benz Financial Services Austria, which has been successfully operating on the market for the past 17 years, will also be able to continue its growth. Last year this financial services provider increased its new business by 12 percent to €247 million and set a historic record with a contract portfolio worth €452 million (+14 percent).

The portfolio of Daimler Financial Services in Austria also includes cross-brand fleet management as well as car2go, a carsharing service, which does not have fixed stations, has been operating in Vienna for four years and now comprises over 700 vehicles. With more than 85,000 customers and over 4.5 million leases to date, Vienna is one of the most successful car2go locations in the world.

*Automotive World is not responsible for the content of this news release.
Berliner Heckflosse is offline  
Sponsored Links

  Lower Navigation
Go Back   Mercedes Benz SLK Forum > General Discussion about Mercedes Benz SLKs > Off Topic


Quick Reply
Upload your files to MEGAUPLOAD
Upload your images to ImageShack

Register Now

In order to be able to post messages on the Mercedes Benz SLK Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
Thread Thread Starter Forum Replies Last Post
Yosia's Mercedes Benz SLK 250 AMG, new wheels, Advan RS, JDM Mercedes, Indonesia Yosia M SLK R172 General Discussion 7 11-08-2015 07:31 AM
'Fault Code 004 - Airbag Driver Side' slk 230 1997 ebslk1997 SLK R170 General Discussion 3 05-16-2013 11:32 PM
Bad Mercedes Benz representation in Costa Rica mchaconcr General Discussion 5 01-23-2013 06:39 PM
1st Annual Texas Mercedes Benz Event SLKman MB Events 2 07-31-2006 02:09 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome

Clubs, Garage Plus vBulletin Plugins by Drive Thru Online, Inc.