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Share 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

On 18 June 1923, the Bank was established by several banks and industrial enterprises via the issue of the Articles of Association and Memorandum. In order to expedite the founding process, the shell of an inactive bank (Pforzheimer Hypothekensicherungs-AG, Pforzheim, Germany) existing since 1 July 1918 was used and the corporate name was changed to “Deutsche Verkehrs-Kredit-Bank” (DVKB). 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 acquired a stake of 51% of the Bank’s share capital. DVKB also functioned as the Reichsbahn's principal bank and managed all of its financial transactions.

1925

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

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1925

The Reichsbahn acquired a 75% stake of DVKB’s share capital in the wake of a capital increase. The residual 25% were transferred to a banking syndicate consisting of major and private banks. DVKB started 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

The DVKB moves into its own premises: "Unter den Linden 10" in Berlin.

1944

August: DVKB presented its last annual report before the end of the war.

1945

23 regional offices, four agencies and 45 exchange offices were part of the Bank before the end of the war.

1949

DVBK received special permit for its operations

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1949

DVKB received a special permit to operate freight payments, fee settlements, freight credits, money transactions and exchange offices in the three Western zones of occupation. Frankfurt/Main, Germany, became the new administrative centre.

1952

Establishment of new branches

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1952

Establishment of a branch in West-Berlin and 14 additional regional offices in West Germany, inter alia, Frankfurt/Main

1958

First postwar Annual General Meeting

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1958

Having finally resolved the ownership structure, Deutsche Bundesbahn (German Federal Railway) held 100% of DVKB’s share capital. The first postwar balance sheet was presented on 20 December of that year and the first postwar Annual General Meeting took place in Berlin. Registered offices: West Berlin and Frankfurt/Main

1987

Shares admitted to trading

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1987

On 16 November 1987 the DVB shares – bearer shares with a nominal value of DM50 – were admitted to sharetrading and official quotation at the Frankfurt and Berlin stock exchanges.

1988

Initial Public Offering

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1988

Initial Public Offering – DVB shares were listed at the Frankfurt and Berlin Stock Exchanges on 6 April 1988. Deutsche Bundesbahn retained a 75.1% stake in the share capital, with the remaining 24.9% held in free float.

1991

Change of the corporate name to Deutsche Verkehrs-Bank AG

1993

Conversion of Deutsche Verkehrs-Kredit-Bank shares into new share certificates registered under Deutsche Verkehrs-Bank AG

1995

DG BANK AG (Deutsche Genossenschaftsbank, today: DZ BANK) became the major shareholder owning 50.1% of the share capital.

1997

Change of corporate name to Deutsche VerkehrsBank AG

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1997

Change of the corporate name to Deutsche VerkehrsBank AG

1999

Conversion to notional no-par-value shares

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1999

The par-value shares were converted to notional no-par-value shares. The shares were denominated in euro after the share capital and other amounts contained in the Articles of Association and Memorandum had been changed from DM to Euro.

2000

Share capital increase

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2000

Share capital increase according to a resolution passed by the Annual General Meeting via the issue of 754,000 new notional no-par value bearer shares, subscription ratio 3:1, obtained gross proceeds: €60.0 million

2002

Change of the corporate name to DVB Bank AG

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2002

  • Change of the corporate name to DVB Bank AG
  • DZ BANK increased its stake in the share capital from 67.02% to 78.21% via the acquisition of the interest previously held by KRAVAG. 

2003

DZ BANK increased its stake to 92.27% of the subscribed share capital

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2003

DZ BANK increased its stake to 92.27% of the subscribed share capital by acquiring the stakes held by Deutsche Bahn Holding AG and the “Sparda” banks.

2005

Delisting of DVB shares from the Berlin-Bremen Stock Exchange, share capital increase and listing at the Frankfurt Stock Exchange

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2005

  • DVB shares were delisted from the Berlin-Bremen Stock Exchange on 31 October 2005.
  • Share capital increase from authorised capital, via the issue of 850,000 new notional no-par value bearer shares (unit shares) – 2-for-7 subscription ratio, gross issue proceeds: €105.4 million. New shares listed at the Frankfurt Stock Exchange on 15 November 2005; new shareholder structure: 93.21% DZ BANK, with 6.79% in free float.

2007

Expiration of the employee profit participation programme

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2007

Expiration of the employee profit participation programme “DVB shares”, through which 136,594 shares were issued and options were exercised, respectively. DVB rose own funds in the aggregate amount of €14.7 million in the years 2001 through 2007.

2008

Merger of DVB Bank N.V. into DVB Bank AG, together with a change of the legal form of DVB Bank AG from a public limited company according to German law (Aktiengesellschaft) to a European public limited-liability company (Societas Europaea or SE)

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2008

  • Annulment of old shares, all DVB shares were issued under one global share certificate
  • Share capital increase from authorised capital, via the issue of 664,000 new notional no-par value bearer shares – 1-for-6 subscription ratio, gross issue proceeds: €149.4 million. New shares listed at the Frankfurt Stock Exchange on 9 July 2008; new shareholder structure: 95.44% DZ BANK, with 4.56% in free float.
  • 10-for-1 share split; Afterwards the share capital consisted of 46,467,370 no-par value bearer shares.
  • Merger of DVB Bank N.V. into DVB Bank AG, together with a change of the legal form of DVB Bank AG from a public limited company according to German law (Aktiengesellschaft) to a European public limited-liability company (Societas Europaea or SE)

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 as at 1 July 2015. L.H. (Bart) Veldhuizen, Member of the Board of Managing Directors since 1 April 2015, assumes responsibility for Shipping Finance and Offshore Finance.
  • DZ BANK increases its share in DVB's share capital slightly from 95.45% to 95.47%.

2016

AGM; intention of DZ BANK to strengthen DVB's capitalisation and conduct a squeeze-out; change in Board of Managing Directors

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2016

  • The Board of Managing Directors and Supervisory Board propose to the Annual General Meeting on 23 June 2016 to distribute a dividend of €0.30 per notional no-par value share for the financial year 2015 (2008–2014: €0.60 per notional no-par value share). The resolution is approved by the required majority of votes.
  • 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.