Type | Societas Europaea |
---|---|
ISIN | DE0008045501 |
Industry | Banking |
Founded | 1923 |
Headquarters | Frankfurt, Germany |
Area served | Worldwide |
Key people | Ralf Bedranowsky (CEO), Rainer Jakubowski |
Products | Financial services |
AUM | €10.2 billion (2020) |
Owner | DZ BANK (100%) |
Number of employees | 329 (2020) |
Website | www |
DVB BankSE is part of the DZ BANK Group and a specialist in international transportation finance, based in Frankfurt/Main, Germany.
The Bank was listed on the Frankfurt Exchange and today is wholly-owned by DZ BANK. About 330 employees work at the offices in Frankfurt/Main, Amsterdam, London, Curaçao, Singapore and Tokyo. [1]
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. [2]
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. [3]
In 2017, DZ Bank bought out minority shareholders in DVB, facilitating a sale of the business. [4] 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. [5] 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. [6]
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. [7]
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. [8]
Deutsche Telekom AG is a German telecommunications company headquartered in Bonn and is the largest telecommunications provider in Europe by revenue. It was formed in 1995 when Deutsche Bundespost, a state monopoly at the time, was privatized. Since then, Deutsche Telekom has consistently featured among FortuneMagazine's top Global 500 companies by revenue, with its ranking as of 2022 at number 62. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile.
Deutsche Bank AG, sometimes referred to simply as Deutsche, or internally as DB, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe, is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national development bank and as of 2018 Germany's third largest bank by balance sheet. Its name originally comes from Kreditanstalt für Wiederaufbau. It was formed in 1948 after World War II as part of the Marshall Plan.
Commerzbank AG is a global German universal bank headquartered at Commerzbank Tower in Frankfurt. The bank was founded in Hamburg in 1870 and is today among the largest credit institutions in Germany, with total assets of €534 billion as of the end of September 2022. With over 15 percent ownership, the Government of Germany is the bank's biggest shareholder.
The Rhenus Group is an international logistics service provider based in Holzwickede, Germany. The company has branches in Europe, India, North, Central and South America, Asia, Africa, and Oceania. It is a subsidiary of German Rethmann Group.
Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.
MUFG Bank, Ltd. is a Japanese bank. Its headquarters is located in Marunouchi, Chiyoda, Tokyo, and it has 772 domestic branches and 76 overseas branches. It was established on January 1, 2006 through the merger of the Bank of Tokyo-Mitsubishi, Ltd and UFJ Bank Limited. MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three major megabanks in Japan.
DZ Bank AG is the second largest bank in Germany by asset size and the central institution for around 800 cooperative banks and their around 8,500 branch offices. Within the German Cooperative Financial Group, which is one of Germany's largest private sector financial service organizations, DZ Bank functions both as a central institution and as a corporate and investment bank.
Bayerische Landesbank, also known as BayernLB, is a publicly regulated bank based in Munich, Germany and one of the six Landesbanken. It is 75% owned by the Free State of Bavaria and 25% owned by the Sparkassenverband Bayern, the umbrella organization of Bavarian Sparkassen. With a balance of €220 billion and 7,703 employees, it is the seventh-largest financial institution in Germany.
The Norddeutsche Landesbank Girozentrale is a German Landesbank and one of the largest commercial banks in Germany. It is a public corporation majority-owned by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg. Regional Sparkassen hold a minority stake of 35 percent.
The Hypo Real Estate Holding AG is a holding company based in Munich, Germany which comprises many real estate financing banks. The company's activities span three sectors of the real estate market: commercial property, infrastructure and public finance, and capital markets and asset management. Hypo Real Estate is the second largest commercial property lender in Germany.
Union Bank was an American national bank with 398 branches in California, Washington and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022. It was headquartered in New York City and had commercial branches in Dallas, Houston, New York and Chicago, in addition to two international offices.
Hamburg Commercial Bank is a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany. It is active in corporate and private banking. Considered to be the world’s largest provider of maritime finance, its main focus is on shipping, transportation, real estate and renewable energy. The bank is one of the pioneers in the pan-European project financing of renewable energies and is also involved in the expansion of digital infrastructure.
DekaBank Deutsche Girozentrale is the central provider of asset management and capital market solutions of the Sparkassen-Finanzgruppe, a network of public banks that together form the largest financial services group in Germany and in all of Europe. It is registered in both Frankfurt and Berlin, with main operational headquarters in Frankfurt. It traces its origins to the Deutsche Girozentrale, established in 1918 as a hub for payments within the German savings banks system.
Union Investment is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt.
Deutsche Pfandbriefbank AG is a German bank that specialises in real estate and public sector financing. As of 2016, it is a constituent of the SDAX trading index of German small-cap companies. It is based in Garching in Bayern, a suburb of Munich. Pfandbriefe is a German term for bonds issued in property financing.
HelloFresh is a publicly traded meal-kit company based in Berlin, Germany. It is the largest meal-kit provider in the United States, and also has operations in Australia, Canada, New Zealand and Europe.
ReiseBank AG is a bank specializing in foreign currency dealing, precious metals and travel payment business, which is headquartered in Frankfurt am Main. It is a wholly owned subsidiary of DZ Bank and part of the cooperative financial group.