Siemens Financial Services
| Siemens Financial Services GmbH
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|---|---|
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| legal form | Company with limited liability |
| founding | 1997 |
| Seat | Munich , Germany |
| management |
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| Number of employees | ≈3150 (2016) |
| Branch | Financial service providers |
| Website | www.siemens.de/finance |
Siemens Financial Services ( SFS ) is a division of Siemens AG and an international provider of financial solutions in the business-to-business sector. Siemens Financial Services GmbH coordinates an international network of finance companies and works for Siemens as well as for other companies, with a focus on the energy, industrial and healthcare sectors. The main tasks are the financing of infrastructure, equipment and operating resources as well as the management of financial risks in the Siemens group. A total of around 3,150 employees work for SFS, the company's headquarters are in Munich, Neuperlach.
history
When SFS was founded in October 1997, the Siemens group bundled its financial activities in one organizational unit. In addition to the development of the financial business, the creation of a separate financial balance sheet also focused on increased transparency for investors.
Siemens Financial Services has been an internal competence center for financing issues since 1999 and is active both in the management of the Siemens Group's financial risks and in the market for business-to-business financial solutions. From the beginning, leasing and other forms of plant and equipment financing, project financing and equity investments, treasury and payment transaction solutions for the Siemens Group as well as the financial management of pension assets were among the tasks of SFS. In 2000, the Group's insurance business and Siemens venture capital activities followed.
By expanding its business activities, SFS also strengthened its international presence: In 2000, SFS acquired the British company Schroder Leasing. In the years that followed, Siemens Financial Services expanded not only in the established markets of Europe and North America, but increasingly also in emerging markets. In March 2005, Siemens Financial Services founded its own leasing company in China, Siemens Finance and Leasing Ltd. (SFLL) based in Beijing.
At the beginning of 2011, the Russian competition authority approved the takeover of ZAO DeltaLeasing, a provider of equipment financing in Russia. In October 2011, DeltaLeasing was renamed OOO Siemens Finance and has been providing financing and leasing solutions for capital goods ever since. Siemens Financial Services Private Limited was founded in India in June 2011 and received the Reserve Bank of India (RBI) license for non-bank finance companies (NBFC license).
At the end of 2010, Siemens Bank GmbH received permission from the Federal Financial Supervisory Authority (BaFin) to conduct banking business in Germany. Siemens Bank GmbH is expanding the SFS product range with loans and guarantees, particularly in the area of sales financing.
Managing directors
- Roland W. Chalons-Browne (CEO)
- Veronika Bienert (CFO)
Business units
The financial services division of Siemens (SFS) consists of five business units:
- Commercial Finance (COF)
- Energy Finance (EF)
- Industry and Healthcare Finance (IHF)
- Treasury (TRE)
- Insurance (INS)
Worldwide presence
As a provider of financial services in the business-to-business sector, SFS operates worldwide. The total assets and project volumes of the individual regions:
- North and South America
- Balance sheet total 11.8 billion euros
- Europe, Africa & CIS
- Balance sheet total 11.7 billion euros
- Asia, Australia, Middle East
- Total assets 2.9 billion euros
Studies / publications
| 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|
| The affordable city | Energy down, momentum up | Riding the Storm - a study of the current financial situation | Counting the Cost - Study on the Effects of the Financial Market Crisis |
| Investments in focus | Navigating uncertain waters | Maintaining the green momentum - a European comparison to investments in energy-saving equipment | Use capital more effectively |
| Medical equipment and "frozen" funds | Energy efficiency target: investment opportunities and challenges | ||
| Productivity: Answers for a dynamic, global market | |||
| Holistic Healthcare - Challenges in the Healthcare Sector |
literature
- Sabine Gusbeth: Corporate Finance - License for Growth . In: EURO , No. 9, pp. 30–33, September 1, 2010
- Angela Maier, Rolf Lebert, Klaus Max Smolka: Siemens Bank should fuel sales . In: Financial Times Deutschland , June 28, 2010
- (dpa): Siemens wants to found its own bank . In: Handelsblatt , June 28, 2010
- Björn Godenrath: Siemens founds its own bank, license applied for - park liquidity safely - strengthen sales financing . In: Börsen-Zeitung , June 29, 2010
- Siemens operates its own banking business . In: FAZ , June 29, 2010, p. 13
Web links
Individual evidence
- ↑ SFS - data and facts. (PDF; 9.1 MB) Siemens Financial Services GmbH, accessed on June 8, 2017 .
- ↑ SFS establishes own leasing company in China ( Memento from January 10, 2012 in the Internet Archive )
- ^ Delta Leasing adopts Siemens name - Next phase of ambitious growth plans . Finanz.net. 2011. Accessed October 2011.
- ^ Siemens sets up financial services arm in India . The Financial. 2011. Retrieved March 16, 2011.
- ^ Siemens granted non banking finance license in India . APN News. 2011. Archived from the original on May 30, 2011. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved May 27, 2011.
- ↑ Siemens founds its own bank for corporate customers . In: Financial Times Germany . 2010. Archived from the original on December 10, 2010. Retrieved on December 7, 2010.
- ↑ Countries & Offices. Siemens AG, 2019, accessed April 23, 2019 .
- ↑ SFS Facts & Figures 2018. (PDF) Retrieved March 20, 2018 .
- ↑ The affordable city. Siemens AG, 2012, accessed on February 16, 2012 .
- ↑ Investments in focus. Siemens AG, 2012, accessed on February 16, 2012 .
- ↑ Medical equipment and "frozen" funds. Siemens AG, 2012, accessed on February 16, 2012 .
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Siemens AG • Siemens Energy AG • Siemens Healthineers AG • Siemens Mobility GmbH As of April 1, 2020 |
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