VW'S CREDIT BANK SUBSIDIARY OPTIMISTIC FOR 1987
V.A.G. Kredit Bank GmbH,
the credit bank subsidiary of Volkswagen AG <VOWG.F>, said it
was optimistic for 1987 after raising turnover and balance
sheet total in 1986.
    V.A.G., Which finances the purchase of new and used cars
for VW customers, said 1986 profits met expectations but gave
no details.
    Financing turnover rose by 4.2 billion marks to 24.4
billion in 1986. Balance sheet total increased by 228 mln marks
to 2.84 billion.
 REUTER
