Mercedes-Benz Bank will provide over €2.5
billion for Daimler’s leasing and financing activities in the UK,
it has been reported.
billion for Daimler’s leasing and financing activities in the UK,
it has been reported.
According to the German business daily
Handelsblatt, the bank’s CEO Peter Zieringer has confirmed
that Mercedes-Benz Bank will provide Daimler with some €5 billion
of the refinancing Daimler needs this year.
Handelsblatt, the bank’s CEO Peter Zieringer has confirmed
that Mercedes-Benz Bank will provide Daimler with some €5 billion
of the refinancing Daimler needs this year.
It is expected that the banking arm will provide €2.5 billion
for Daimler’s German leasing business, and a slightly larger amount
for leasing and financing activities in the UK.
Zieringer also confirmed that the bank does not need any state
guarantees, thanks to its high liquidity.
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