For the third quarter 2011, DVB reported a solid 21.2% increase in net interest income after allowance for credit losses, of €162.1m. At €106.4m, consolidated net income before taxes decreased by 10.7% year-on-year, primarily due to volatile net income from financial instruments in accordance with IAS 39. Total income (comprising net interest income after allowance for credit losses, net fee and commission income, net income from financial instruments in accordance with IAS 39, results from investments in companies accounted for using the equity method, and net other operating income/expenses) declined by 1.8%, from €241.6m to €237.3m.
Net interest income rose by 23.7% year-on-year, to €181.3m, and net interest income after allowance for credit losses was up 21.2%, from €133.8m to €162.1m. New Transport Finance business totalled 109 transactions as at 30 September 2011, with an aggregate volume of €3.3bn (9m 2010: 93 transactions with a volume of €3.0bn).
