DVB Bank

Image:DVKB 1925.jpg

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 has been trading as DVB Bank SE.{{Cite web|url = http://www.dvbbank.com/about-us/corporate-history.aspx?sc_lang=en|title = Corporate history|date = 26 August 2015|access-date = 26 August 2015|website = |publisher = |last = |first = |archive-url = https://web.archive.org/web/20150823163650/http://www.dvbbank.com/about-us/corporate-history.aspx?sc_lang=en|archive-date = 23 August 2015|url-status = dead}}

As a consequence of the financial crisis, DVB suffered from exposure to a prolonged slump in the global container shipping industry. DZ Bank entered talks to sell DVB to Japan's Mitsubishi UFJ Financial Group in 2015, but no deal materialized at the time.Arno Schuetze and Jonathan Saul (December 12, 2017), [https://www.reuters.com/article/dz-bank-dvb-sale/update-1-germanys-dz-bank-moves-ahead-with-plans-to-sell-dvb-unit-sources-idUSL8N1OC4FT Germany's DZ Bank moves ahead with plans to sell DVB unit -sources] Reuters.

In 2017, DZ Bank bought out minority shareholders in DVB, facilitating a sale of the business.Jonathan Saul and Arno Schuetze (September 27, 2017), [https://www.reuters.com/article/us-dz-bank-dvb-sale-exclusive/exclusive-german-shipping-bank-dvb-accelerates-sale-plans-idUSKCN1C2229 Exclusive: German shipping bank DVB accelerates sale plans] Reuters. The following year, it put individual tranches of DVB up for sale after failing to find a buyer for the business as a whole, partly due to low offers and its pressured shipping business.Jonathan Saul and Arno Schuetze (October 19, 2018), [https://www.reuters.com/article/dzbank-dvb-sale/germanys-dz-bank-in-final-stage-of-selling-parts-of-dvb-sources-idUSL8N1WY3YE Germany's DZ Bank in final stage of selling parts of DVB - sources] Reuters. By early 2019, Mitsubishi UFJ Financial Group agreed to buy the entire DVB aviation financing portfolio, which stood at 5.6 billion euros ($6.37 billion) at the time.Arno Schuetze (March 1, 2019), [https://www.reuters.com/article/dzbank-dvb-sale/japans-mufg-to-buy-german-dz-banks-aviation-finance-arm-idUSL5N20O1JZ Japan's MUFG to buy German DZ Bank's aviation finance arm] Reuters.

As part of a squeeze-out under stock corporation law, the shares of all DVB minority shareholders were transferred to DZ Bank in August 2017. Subsequently, trading in DVB Bank SE shares on the Frankfurt Stock Exchange was discontinued.{{Cite web|url = https://www.dvbbank.com/en/investors/equity-and-dvb-share|title = Equity & DVB share|date = 9 February 2022|access-date = 9 February 2022|website = |publisher = |last = |first = }}

Consolidated net income before taxes amounted to EUR-294.8 million in 2020. Total assets totaled EUR10.2 billion and DVB's nominal volume of customer lending was EUR3.9 billion.{{Cite web|url = https://www.dvbbank.com/~/media/Files/D/dvbbank-corp/financial-reports-en/2020/dvb_group-annual-report-2020.pdf|title = DVB's 2020 Annual Report|date = 9 February 2022|access-date = 9 February 2022|website = |publisher = |last = |first = }}

{{Reflist|3}}

{{Portal|Banks}}

• {{Official website|https://www.dvbbank.com/}}
• {{PM20|FID=co/042260|TEXT=Documents and clippings about|NAME=}}

{{Authority control}}

Category:Banks based in Frankfurt