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Volvofinans Bank AB
Bohusgatan 15, van 6
Phone: 556069-0967p:556069-0967 GOTEBORG, 401 23  Sweden
Business Summary
Volvofinans Bank AB, founded in 1959, is owned 50 % by the Swedish Volvo dealership through the holding company Volverkinvest and 40 % by the Sixth Swedish National Pension Fund. The remaining 10 % is owned by Volvo Personvagnar AB since the beginning of 2010. The Bank's main remit is to promote sale of the products marketed at the Swedish Volvo dealers through financing of products and sales. The sale financing is being carried out in the form of loans and leasing to private individuals and companies through the Volvo dealers. The agreement stock exceeds 218,000 agreements. Under the name Svensk Vagnparksfinans, major companies are offered financing and administration of company cars, and over 350 companies have signed general agreements to date. The Bank also carries out credit-card business and administrates and markets Volvohandeln's loyalty card – the Volvo Card. There are 1,200,000 Volvo Cards, and it is one of the country's most widely disseminated cards. Its financing requirements are largely met by three public marketing programmes. A Nordic Commercial Paper Programme of SEK 8bn and a Euro-Commercial Paper Programme of € 500m are used for short-term borrowing, and an MTN programme of SEK 15bn is used for long-term borrowing.

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Financials, News and Filings
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Industries
SIC Code Description
6141 Personal credit institutions


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Wednesday, October 30, 2024