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- The acquisition means that Volvofinans Bank AB will strengthen its ability to offer attractive financial solutions to both private and corporate clients. Volvofinans journey towards becoming an attractive digital Car Bank continues. Together with Volvo Car Corporation and the Swedish authorized dealers, we take another step towards the development of smart services in all forms of exploitation that will exist in the future of our automotive customers.
Conny Bergström, CEO at Volvofinans Bank AB
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Volvofinans acquires portfolio of leasing contracts from Volvo Car Sweden

Volvofinans (a part of Ziklo Bank) has today, November 22 2024, agreed with Volvo Car Sweden on the acquisition of a portfolio consisting of leasing objects to both private and corporate customers, known under the name Care by Volvo. The transaction amount is SEK 1.8 billion and constitutes a first step in the transaction described in our press release on October 30  2024.   -          We are very happy to take over the Care by Volvo contracts. For over 65 years, Volvofinans, together with Volvo Cars and the Swedish Volvo Dealers, have strived to give our customers the very best

Volvofinans intends to acquire leasing portfolio

Volvofinans intends to acquire a portfolio consisting of leasing agreements and Volvo cars to a value of approximately 3.1 billion SEK before the end of the year. The purchase is planned to be financed with available funds and new borrowing on the market.    Volvofinans has financed vehicles for more than 60 years through the Swedish Volvo-dealer network and has enabled millions of people to transport themselves. We offer financial solutions, smart payment solutions and the unique customer relationship concept CarPay. We provide service for you who want to finance your vehicle,

Björn Ingemanson is proposed as the new chairman of Ziklo Bank

The nomination comittee of Ziklo Bank, formerly known as Volvofinans Bank, has proposed Björn Ingemanson as the new chairman of the bank. Björn is proposed to succeed Urmas Kruusval, who is stepping down after leading the bank, both as CEO 1990-1999, and then as chairman of the board since 2007. Björn Ingemanson has many years of solid experience in the financial and automotive industry. During the past 25 years he has been marketing manager and CEO at Ziklo Bank, marketing director for Volvo Cars Japan, European manager for Volvo Financial Services, CFO and division manager for Volvo

Volvo Car Corporation completes purchase of The Sixth AP Fund's shares in Volvofinans Bank AB

Finansinspektionen and EUs competition authority has given its approval to Volvo Car Corporation to complete the purchase of the Sixth AP Fund's shares in Volvofinans Bank AB. Volvofinans Bank AB is now owned 50% by Volvo Cars and 50% by the Swedish authorized retailers through the company AB Volverkinvest.Volvo Car Corporation ("Volvo Cars") and the sixth AP Fund signed an agreement on December 28th 2015 to acquire the Fund's 40% stake in Volvofinans Bank AB ("Volvofinans"), the leading bank in Sweden in car financing. All regulatory approvals were obtained on August 4th. With this

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