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. More than 620 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).
The Bank sees itself as a provider of financing and advisory services in the global transportation market, especially in the segments of shipping, aviation, offshore and land transport.
Video DVB Bank
History
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.
Maps DVB Bank
As at 31 December 2016, DVB's shareholder structure is:
- DZ BANK AG - 95.47%
- Free float - 4.53%
The Bank's market capitalisation was EUR1.09 billion at the end of 2016.
Financials
Consolidated net income before taxes decreased from EUR46.1 million in 2015 to EUR-135.3 million in 2016. Total assets totaled EUR27.7 billion and DVB's nominal volume of customer lending was EUR25.9 billion. Customer lending was split among the main business divisions as follows:
- Shipping Finance: 45.9%
- Aviation Finance: 33.6%
- Offshore Finance: 9.3%
- Land Transport Finance: 6.2%
References
External links
- Official website
Source of article : Wikipedia
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