Mercedes-Benz Bank will provide over €2.5
billion for Daimler’s leasing and financing activities in the UK,
it has been reported. 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.

According to the German business daily Handelsblatt, the bank’s
CEO Peter Zieringer has confirmed that and a slightly larger
amount for leasing and financing activities in the UK.

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Zieringer also confirmed that the bank does not need any state
guarantees, thanks to its high liquidity.

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