Industry Banking Area served Worldwide Total assets 26.6 billion EUR (2015) | ISIN DE0008045501 Founded 1923 Parent organization DZ Bank | |
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Key people Ralf Bedranowsky (CEO), Bertrand Grabowski,Bart Veldhuizen Stock price DVB (FRA) € 23.50 0.00 (0.00%)8 Mar, 9:15 AM GMT+1 - Disclaimer Motto The leading specialist in international transport finance Profiles | ||
DVB Bank SE is part of the DZ BANK Group and a specialist in international transportation finance, based in Frankfurt/Main, Germany.
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The Bank is listed on the Frankfurt Exchange with majority ownership from DZ BANK. More than 600 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 leading provider of financing and advisory services in the global transportation market, especially in the segments of shipping, aviation, offshore and land transport.
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.
Shareholders
As at 31 December 2015, DVB's shareholder structure is:
The Bank's market capitalisation was €1.15 billion at the end of 2015.
Financials
Consolidated net income before taxes decreased by 53.1%, from EUR98.2 million in 2014 to EUR46.1 million in 2015. Total assets totaled EUR26..6 billion and DVB's nominal volume of customer lending was EUR25.3 billion. Customer lending was split among the main business divisions as follows: