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 pre-owned 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.