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.
Thanks to the cycle-neutral, global market presence, sustainable client service, and the proximity to transactions being originated on the markets, DVB succeeded in generating positive consolidated net income before taxes. However, DVB's performance during the first half of 2016 was burdened by the persistent shipping crisis, the ECB's low-interest rate policy, and the high costs induced by banking regulation.
Half-Yearly Financial Report
CEO Ralf Bedranowsky
© Copyright DVB Bank SE 2016
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