As a listed company active in the capital market, DVB is obliged to prepare its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS).
The single-entity financial statements of DVB Bank SE are prepared in accordance with the German Commercial Code.
The management reports and the consolidated management reports are prepared in line with the structure and criteria set out in German Accounting Standard 20.
DVB more than doubled consolidated net income, from €33.9 million to €74.9 million. This excellent result was largely due to three factors: besides higher net interest income – driven by attractive new business volumes – and a similarly positive development of net fee and commission income, the Investment Management division generated a significant non-recurring income from investment securities due to the partial sale of a shareholding in Wizz Air Holdings Plc, an Eastern Europe-based airline.
Three-month results 2015
CEO Wolfgang Driese
© Copyright DVB Bank SE 2015
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