Company Information

Get to know Volvofinans Bank

Founded in 1959, Volvofinans Bank AB is a specialized Swedish bank focused on providing financial services related to car ownership. It is jointly owned by the Swedish Volvo and Renault dealers (through AB Volverkin) and Volvo Car Corporation. The bank's mission is to create a simpler, safer, and more advantageous car life for its customers by offering a range of products including vehicle financing, private loans, savings accounts, and the CarPay payment card, which provides benefits and discounts on driving-related expenses.

Industry

Financial BankingPRIMARY
Financial Insurance
Financial Other Service

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Volvofinans Bank

Sweden

Founded in

1959 (67 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.