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)
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.
The Reichsbahn acquires the majority of the DVKB.
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.
DVKB starts to participate in the Reichsbahn's exchange office business.
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.
Increasing number of exchange offices
39 DVKB exchange offices existed in railway stations and border crossings.
The DVKB moves into its own premises: "Unter den Linden 10" in Berlin.
August: DVKB presented its last annual report before the end of the war.
23 regional offices, four agencies and 45 exchange offices were part of the Bank before the end of the war.
DVBK received special permit for its operations
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.
Establishment of new branches
Establishment of a branch in West-Berlin and 14 additional regional offices in West Germany, inter alia, Frankfurt/Main
First postwar Annual General Meeting
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
Shares admitted to trading
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.
Initial Public Offering
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.
Change of the corporate name to Deutsche Verkehrs-Bank AG
Conversion of Deutsche Verkehrs-Kredit-Bank shares into new share certificates registered under Deutsche Verkehrs-Bank AG
DG BANK AG (Deutsche Genossenschaftsbank, today: DZ BANK) became the major shareholder owning 50.1% of the share capital.
Change of corporate name to Deutsche VerkehrsBank AG
Change of the corporate name to Deutsche VerkehrsBank AG
Conversion to notional no-par-value shares
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.
Share capital increase
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
Change of the corporate name to DVB Bank AG
DZ BANK increased its stake to 92.27% of the subscribed share capital
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.
Delisting of DVB shares from the Berlin-Bremen Stock Exchange, share capital increase and listing at the Frankfurt Stock Exchange
Expiration of the employee profit participation programme
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.
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)
Change in the Board of Managing Directors
AGM; intention of DZ BANK to strengthen DVB's capitalisation and conduct a squeeze-out; change in Board of Managing Directors
Expansion of the Board of Managing Directors and DVB shares today
© DVB Bank SE 2017
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