The Bank‘s foundation and development during the Weimar Republic – becoming the principal banking partner to Deutsche Reichsbahn, the German National Railway
The Bank during the Nazi regime
A new start in West Germany
The Bank during the “Wirtschaftswunder“ – a reliable partner to Deutsche Bundesbahn, the German Federal Railways
The “Wirtschaftswunder“ ends – partial privatisation and IPO
German reunification – DZ BANK acquires a majority shareholding –
the Bank evolves from a railway bank into a transport finance house
Restructuring of the Bank into a transport finance house
The Bank evolves into a global specialist for international transport finance
Foundation of Deutsche Verkehrs-Kredit-Bank AG (DVKB)
Deutsche Verkehrs-Kredit-Bank AG (DVKB) is founded by Dresdner Bank, the Bayerische Vereinsbank, Bayerische Hypothekenbank, Commerz- und Privatbank, the private banking house Bleichröder and various industrial corporations. The establishment's purpose was to introduce a bankable practice for handling the freight payments and fee settlements of the Reichsbahn (German State Railway) in Germany.
The Reichsbahn acquires the majority of the DVKB.
The Reichsbahn acquires the majority (51%) of the DVKB. DVKB also functions as the Reichsbahn's principal bank and manages all of its financial transactions.
DVKB starts to participate in the Reichsbahn's exchange office business.
The Reichsbahn acquires a 75% stake in DVKB's share capital in the wake of a capital increase. The residual 25% are transferred to a banking syndicate consisting of major and private banks. DVKB starts to participate in the Reichsbahn's exchange office business.
Increasing number of exchange offices
39 DVKB exchange offices existed in railway stations and border crossings.
DVKB moves into its own premises: „Unter den Linden 10“ in Berlin, Germany.
The Bank’s main offices in Frankfurt and Hamburg are brought together at the new headquarters in Frankfurt.
“Special tasks" of the DVKB
In a federal law on the setting up of credit institutes, the “special tasks” of the DVKB, especially the handling of freight payments, are laid down. Besides the Frankfurt headquarter and the Berlin office, there are now 13 branches.
The DVKB is 50 years old.
The DVKB is 50 years old. Of around 800 staff memebers, 170 work in the Frankfurt headquarters.
The Bank goes public: The German Federal Railways keep a 75.1% stake in the share capital, the other 24.9% are widely held.
Change of corporate name to Deutsche Verkehrs-Bank AG
The DG BANK (Deutsche Genossenschaftsbank) owns a majority of Deutsche Verkehrs-Bank AG with 50.1% of the share capital.
The Bureaux de Change Division is transferred retroactively to 1 January 1996 to the newly founded subsidiary ReiseBank AG.
Change of corporate name to Deutsche VerkehrsBank AG
Change of corporate name from Deutsche Verkehrs-Bank AG to Deutsche VerkehrsBank AG.
Take over of the "International Aircraft and Ship Financing" division at the Long Term Credit Bank of Japan Ltd
The “International Aircraft and Ship Financing” division at the Long Term Credit Bank of Japan Ltd is taken over by the Deutsche VerkehrsBank making it one of the leading aircraft financiers in Europe.
Establishment of the international rail finance division
Take over of Nedship Bank N.V.
Completion of the take over of Nedship Bank N.V.
Change of corporate name to DVB Bank AG and establishment of the Land Transport Division
Sale of ReiseBank AG
DVB sells ReiseBank AG to DZ BANK AG with effect from 31 December 2003. DZ BANK increases its stake in the share capital of DVB to 92.27% via the acquisition of the interest previously held by Sparda banks.
Renaming of Nedship Bank N.V.
The name of Nedship Bank N.V. in Rotterdam is changed to DVB Bank N.V.
Share capital increase
DVB's share capital has been increased via the issue of 850,000 new notional no-par value bearer shares (“unit shares”).
Formation of DVB Capital Markets LLC and Aviation Asset Management
Purchase of a majority shareholding in TES Aviation Services Ltd
DVB purchases a majority shareholding in TES Aviation Services Limited, a leading aircraft engine asset management service provider headquartered in Cardiff, Wales.
Transformation into a European public limited-liability company (Societas Europaea) and share capital increase
Establishment of Shipping Asset Management
Placement of DVB’s first public ship covered bond
DVB sells a 60% shareholding in TES Holdings Ltd.
In June, DVB sells a 60% shareholding in TES Holdings Ltd. Besides the new shareholders, Mitsubishi Corporation (35%) and Development Bank of Japan (25%), DVB remains the largest stakeholder, with 40% of TES shares.
Establishment of the "Offshore Finance" business division
In January, DVB establishes its existing offshore financing activities as an independent “Offshore Finance” business division. It provides debt financing and further value-added services to our clients in the highly specialised offshore sector.
Change in the Board of Managing Directors
After 18 years at the helm, Wolfgang Driese retires for reasons of age. Ralf Bedranowsky takes over the position of CEO and Chairman of the Board of Managing Directors.
L.H. (Bart) Veldhuizen, Member of the Board of Managing Directors since 1 April 2015, assumes responsibility for Shipping Finance and Offshore Finance.
DVB closes its first aircraft asset-backet securisation.
Intention of DZ BANK AG to strengthen DVB's capitalisation and to conduct a squeeze-out as well as change in the Board of Managing Directors
On 14 November, the Board of Managing Directors of DZ BANK notifies the Board of Managing Directors of DVB Bank that it intends to strengthen DVB's capitalisation through appropriate measures and to conduct a squeeze-out.
On 30 November, Bertrand Grabowski steps down from the Board of Managing Directors and leaves the Bank after reaching the age of 60. On 1 December, David Goring-Thomas, up to now Industry Head Aviation Finance, succeeds Mr Grabowski as Board Member in charge of Aviation Finance and Land Transport Finance business.
Expansion of the Board of Managing Directors
With effect from 1 January, Christian Hagemeyer joins as new Member of the Board of Managing Directors and assumes responsibility for the risk management.
© DVB Bank SE 2017
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