DVB Group reports total income up 6.2% in the first nine months of 2012

DVB Group released that consolidated net income before IAS 39 and taxes rose to €125.6m – a 7.8% year-on-year increase. Once again, the volatile net result from financial instruments in accordance with IAS 39 weighed on income before taxes which – as a result – declined by 2.0%, to €104.3m. Total income (comprising net interest income after allowance for credit losses, net fee and commission income, results from equity interests accounted for using the equity method, and net other operating income/expenses) rose by 6.2%, from €247.4m to €262.7m. DVB’s total assets rose by 10.0%, from €22.0bn to €24.2bn. DVB’s nominal volume of customer lending (the aggregate of loans and advances to customers, guarantees and indemnities, irrevocable loan commitments, and derivatives) was unchanged year-on-year in euro terms, at €21.7bn, and also in US dollar terms, at US$28.1bn.