DVB Bank: Difference between revisions
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|industry = [[Banking]] |
|industry = [[Banking]] |
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|products = [[Financial services]] |
|products = [[Financial services]] |
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|market cap = € 1.11 billion (''2011'') |
|market cap = € 1.11 billion (''2011'') <ref name="2011 report">http://www.dvbbank.com/en/investor_relations/publications/archive/2011/dvb_group_ar_2011.pdf</ref> |
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|revenue = € 337.1 million (''2011'') |
|revenue = € 337.1 million (''2011'') |
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|operating_income = |
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Revision as of 01:14, 21 December 2012
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| Company type | Bank |
|---|---|
| Industry | Banking |
| Founded | 1923 |
| Defunct | 12 August 2022  |
| Headquarters | Frankfurt, Germany |
Area served | Worldwide |
Key people | Wolfgang F. Driese, CEO |
| Products | Financial services |
| Revenue | € 337.1 million (2011) |
| € 147.7 million (2011) | |
| Total assets | € 22 billion (2011) |
| Owner | DZ Bank (95%), free-float (5%) |
Number of employees | 668 (2008) |
| Website | www.dvbbank.com/ |
DVB Bank SE is part of the DZ Bank Group and a specialist in commercial transportation finance, based in Frankfurt, Germany. It is listed on the Frankfurt Exchange with majority ownership from DZ Bank. The Bank sees itself as a leading provider of financing and advisory services in the global transportation market, especially in the segments of aviation, maritime and land transport.
History
The institute was founded on 18th May 1923 as a German traffic credit-Bank AG (DVKB) by several banks and industrial companies, initially to freight deferrals for the German Reichsbahn.
After World War II, DVKB, specialized in cargo deferral, which was fixed by law. 1949 after the unification of the two main locations in Frankfurt and Hamburg, the head office in Frankfurt was established. It also operated numerous branches in other German cities. In 1988, the DVKB was placed on the stock exchange, the German Federal Railways held 75.1 percent stake. In 1991, it was named German traffic Bank AG, in 1997 named German Transport AG and 2002 changed its name again to DVB Bank AG. Since 1 October 2008, it trades as DVB Bank SE.
Customers
The bank's customer's include many international airlines, aircraft leasing firms, shipping companies, and rail providers. Below are some of the bank's largest lending customers for 2011.
- Avolon - Aircraft leasing
- AerCap - Aircraft Leasing
- Awas - Aircraft Leasing
- Guggenheim Partners - Aircraft Leasing
- Hapag-Lloyd - Shipping
- US Airways - Airlines