DVB Bank

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DVB Bank SE
Bank
ISIN DE0008045501
Industry Banking
Founded 1923
Headquarters Frankfurt, Germany
Area served
Worldwide
Key people
Ralf Bedranowsky (CEO), Bertrand Grabowski,
Bart Veldhuizen
Products Financial services
€304.5 million (2014)
Total assets €24.5 billion (2014)
Total equity €1.4 billion (2014)
Owner DZ BANK (95.47%), free-float (4.53%)
Number of employees
581 (2014)
Divisions Shipping Finance, Aviation Finance, Offshore Finance, Land Transport Finance, Investment Management
Slogan The leading specialist in international transport finance
Website www.dvbbank.com

DVB Bank SE is part of the DZ BANK Group and a specialist in international transportation finance, based in Frankfurt/Main, Germany.

The Bank is listed on the Frankfurt Exchange with majority ownership from DZ BANK. About 580 employees work at the offices in Europe (Frankfurt/Main, Amsterdam, Athens, Hamburg, London, Oslo and Zurich), in North and South America (New York and Curaçao), as well as in Asia (Singapore and Tokyo).[1]

The Bank sees itself as a leading provider of financing and advisory services in the global transportation market, especially in the segments of shipping, aviation, offshore and land transport.[2]

History[edit]

The institute was founded on 18 May 1923 as Deutsche Verkehrs-Kredit-Bank AG (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 Deutsche Verkehrs-Bank AG (German traffic Bank AG), in 1997 named Deutsche VerkehrsBank AG (German Transport AG) and 2002 changed its name again to DVB Bank AG. Since 1 October 2008, it trades as DVB Bank SE.[3]

Shareholders[edit]

As at 30 June 2015, DVB's shareholder structure[4] is:

  • DZ BANK AG - 95.47%
  • Free float - 4.53%

The Bank's market capitalisation was €1.15 billion at the end of 2014.[5]

Financials[6][edit]

Consolidated net income before IAS 39 and taxes increased by 10.2%, from EUR106.0 million in 2013 to EUR116.8 million in 2014. Total assets totaled EUR24.5 billion and DVB's nominal volume of customer lending was EUR23.3 billion. Customer lending was split among the main business divisions as follows:

  • Shipping Finance: 43.3%
  • Aviation Finance: 30.5%
  • Offshore Finance: 9.9%
  • Land Transport Finance: 8.6%

References[edit]

  1. ^ "Employees & locations". 26 April 2015. Retrieved 26 August 2015. 
  2. ^ "Corporate website". 26 August 2015. Retrieved 26 August 2015. 
  3. ^ "Corporate histroy". 26 August 2015. Retrieved 26 August 2015. 
  4. ^ "Shareholder structure". 26 August 2015. Retrieved 26 August 2015. 
  5. ^ "DVB share". 26 August 2015. Retrieved 26 August 2015. 
  6. ^ "All data retrieved from DVB's Annual Report 2014" (PDF). 26 August 2015. Retrieved 26 August 2015. 

External links[edit]