The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international<br />
transport finance business. <strong>The</strong> Bank offers integrated financing solutions and advisory services in respect<br />
of Shipping Finance, Aviation Finance and Land Transport Finance. <strong>The</strong> Bank operates out of offices in<br />
Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo,<br />
New York and Curaçao. DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).<br />
In November 2010, DVB successfully broadened its investor base by issuing its debut “Schiffspfandbrief”<br />
in the amount of €250 million. <strong>The</strong> “Schiffspfandbrief” is collateralised by a cover pool of approximately<br />
US$1.0 billion in eligible shipping loans. <strong>The</strong> pool represents a cross-section of DVB’s very well diversified<br />
Shipping Finance portfolio. Moody’s assigned an Aa3 rating to the “Schiffspfandbrief”.<br />
Selected key figures<br />
2010<br />
€ million<br />
2009<br />
€ million<br />
Total assets<br />
19,316.8<br />
17,268.6<br />
Mortgage loan portfolio<br />
0.0<br />
0.0<br />
Mortgage loan commitments<br />
0.0<br />
0.0<br />
Public-sector loan portfolio<br />
0.0<br />
0.0<br />
Public-sector loan commitments<br />
0.0<br />
0.0<br />
Total funds outstanding (registered and bearer bonds)<br />
15,900.0<br />
13,900.0<br />
“Schiffspfandbrief”<br />
250.0<br />
0.0<br />
Public <strong>Pfandbrief</strong>e<br />
0.0<br />
0.0<br />
114<br />
Unsecured bonds<br />
Jumbo issues outstanding<br />
14,166.9<br />
0.0<br />
11,662.1<br />
0.0<br />
Refinancing funds raised<br />
3,752.7<br />
3,618.7<br />
“Schiffspfandbrief”<br />
250.0<br />
0.0<br />
Public <strong>Pfandbrief</strong>e<br />
0.0<br />
0.0<br />
Unsecured bonds<br />
2,619.4<br />
1,779.3<br />
Long-term deposits and promissory notes<br />
883.3<br />
1,839.4<br />
Own funds as shown in the balance sheet – total –<br />
1,660.9<br />
1,636.6<br />
Core capital (without net income)<br />
1,115.4<br />
1,030.6<br />
Profit-sharing capital<br />
0.0<br />
0.0<br />
Subordinated liabilities<br />
545.5<br />
606.0<br />
Net interest income<br />
193.0<br />
194.3<br />
Allowance for credit losses<br />
-52.0<br />
-72.2<br />
General administrative expenses<br />
-176.2<br />
-156.5<br />
Consolidated net income before tax<br />
131.1<br />
86.6<br />
Consolidated net income<br />
104.0<br />
76.1<br />
Presence in electronic media: www.dvbbank.com<br />
Contact:<br />
Elisabeth Winter Tel.: +49 69 9750-4329 elisabeth.winter@dvbbank.com<br />
Fax: +49 69 9750-4850
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