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BMW Bank

From Wikipedia, the free encyclopedia
BMW Bank GmbH
Company typeGmbH
Founded1971
HeadquartersMunich
Total assets€28 Mrd. (2018)[1]
Number of employees
1,309 (2018)[1]
Websitewww.bmwbank.de

TheBMW Bank GmbHis a finance service and a company of theBMWGroup. The company known under BMW Group Financial Services was founded in 1971 inMunich,Germany.[2]In 1973, the BMW Leasing GmbH was added – also situated in Munich. The fabricated products are BMW,MINIandRolls-Royce Motor Cars.Worldwide BMW Group Financial Services are represented in 53 countries with 26 companies and 27 corporations.[3]

The range of BMW Group Financial Services includes merchandise funding and financing stockkeeping of automobile and replacement parts for the BMW and MINI retailers as well as purchase funding and financing for automobiles and motorbikes for the customers of the BMW and MINI retailers (Installments and 3-Options-Financing BMW Select). In addition the range also includes the financing of one year-old-used cars as well as the allocation of cash credits. In the area of asset management services the company offers MobilPlan onTop (savings accountwith car purchase bonus), MobilPlus (call money),fixed deposit,(savings bond), Multimanager Investmentfonds (investment funds), BMW-Card (credit cardfor BMW-drivers), Online-Tagesgeld (call money), Fonds-Navigator (funds navigator) and Spar + Invest (save + invest), Bonus on Top.

Theleasingsector comprises the product line of the leasing businesses with a variety of items for the BMW and MINI retailers, especially for the automobile branch. Optional services like insurance, maintenance and repair can be added. The distribution proceeds via the trading organization of the BMW Group as well as via direct sales in the area ofasset managementservices and Direct Finance.

See also[edit]

References[edit]

  1. ^ab"Offenlegungsbericht 2018"(PDF).bmwbank.de.Retrieved24 September2019.
  2. ^"BMW Financial Services Scandinavia AB".TheBanks.Archived fromthe originalon 6 March 2018.Retrieved6 March2018.
  3. ^"BMW Bank".Direkt-Bank.Archived fromthe originalon 6 March 2018.Retrieved6 March2018.

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