billion for Daimler’s leasing and financing activities in the UK,
it has been reported.
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.