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History

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

1923

Foundation of Deutsche Verkehrs-Kredit-Bank AG (DVKB)

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1923

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.

1924

The Reichsbahn acquires the majority of the DVKB.

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1924

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.

1925

DVKB starts to participate in the Reichsbahn's exchange office business.

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1925

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.

1930

Increasing number of exchange offices

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1930

39 DVKB exchange offices existed in railway stations and border crossings.

1935

DVKB moves into its own premises: „Unter den Linden 10“ in Berlin, Germany.

1949

The Bank’s main offices in Frankfurt and Hamburg are brought together at the new headquarters in Frankfurt.

1952

“Special tasks" of the DVKB

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1952

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.

1973

The DVKB is 50 years old.

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1973

The DVKB is 50 years old. Of around 800 staff memebers, 170 work in the Frankfurt headquarters.

1988

The Bank goes public: The German Federal Railways keep a 75.1% stake in the share capital, the other 24.9% are widely held.

1991

Change of corporate name to Deutsche Verkehrs-Bank AG

1995

The DG BANK (Deutsche Genossenschaftsbank) owns a majority of Deutsche Verkehrs-Bank AG with 50.1% of the share capital.

1996

The Bureaux de Change Division is transferred retroactively to 1 January 1996 to the newly founded subsidiary ReiseBank AG.

1997

Change of corporate name to Deutsche VerkehrsBank AG

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1997

Change of corporate name from Deutsche Verkehrs-Bank AG to Deutsche VerkehrsBank AG.

1998

Take over of the "International Aircraft and Ship Financing" division at the Long Term Credit Bank of Japan Ltd

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1998

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.

1999

Establishment of the international rail finance division

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1999

  • Establishment of the international rail finance division.
  • Rabobank Netherland and Deutsche VerkehrsBank reach an agreement about the transfer of ownership of Nedship Bank to Deutsche VerkehrsBank.

2000

Take over of Nedship Bank N.V.

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2000

Completion of the take over of Nedship Bank N.V.

2002

Change of corporate name to DVB Bank AG and establishment of the Land Transport Division

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2002

  • Following a decision of the Annual General Meeting the corporate name of the Bank is changed from Deutsche VerkehrsBank AG to DVB Bank AG.
  • Consolidation of DVB's Road & Logistics business and Rail activities and transfer to DVB's new Land Transport Division. Transport Finance now consists of four divisions: Shipping, Aviation, Land Transport and Transport Infrastructure.
  • DZ BANK increases its stake in the share capital of DVB from 67.02% to 78.21% via the acquisition of the interest previously held by KRAVAG.

2003

Sale of ReiseBank AG

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2003

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.

2004

Renaming of Nedship Bank N.V.

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2004

The name of Nedship Bank N.V. in Rotterdam is changed to DVB Bank N.V.

2005

Share capital increase

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2005

DVB's share capital has been increased via the issue of 850,000 new notional no-par value bearer shares (“unit shares”).

2006

Formation of DVB Capital Markets LLC and Aviation Asset Management

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2006

  • Formation of DVB Capital Markets LLC in New York, a US registered broker-dealer. The unit will function as the US investment banking office of DVB, serving clients in the shipping, aviation, and land transport.
  • DVB establishes Aviation Asset Management.

2007

Purchase of a majority shareholding in TES Aviation Services Ltd

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2007

DVB purchases a majority shareholding in TES Aviation Services Limited, a leading aircraft engine asset management service provider headquartered in Cardiff, Wales.

2008

Transformation into a European public limited-liability company (Societas Europaea) and share capital increase

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2008

  • DVB Bank's shipping division introduces a new organisational structure, focusing on shipping sectors. Clients, who are active in a sector, will meet highly experienced sector experts.
  • The Bank is transformed into a European public limited-liability company (Societas Europaea). The Bank is registered under the new name DVB Bank SE.
  • DVB's share capital has been increased via the issue of 664,000 new notional no-par value bearer shares (“unit shares”). Following the capital increase, DZ BANK holds 95.4% of DVB's share capital.

2009

Establishment of Shipping Asset Management

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2009

  • DVB establishes Shipping Asset Management.
  • TES Aviation opens new corporate headquarters and logistics facility.

2010

Placement of DVB’s first public ship covered bond

2012

DVB sells a 60% shareholding in TES Holdings Ltd.

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2012

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.

2013

Establishment of the "Offshore Finance" business division

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2013

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.

2015

Change in the Board of Managing Directors

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2015

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.

2016

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

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2016

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.

2017

Expansion of the Board of Managing Directors

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2017

With effect from 1 January, Christian Hagemeyer joins as new Member of the Board of Managing Directors and assumes responsibility for the risk management.