DVB Bank posts consolidated net loss before taxes of €27.3m for the first nine months of 2016

Underscoring the continued focus on its core international transportation markets, DVB closed a total of 102 transactions generating €4.2bn in robust and valuable new business volume (previous year: 137 transactions with a volume of €5.0bn). Net interest income rose to €168.4m (previous year: €151.6m). New business in Aviation Finance and Land Transport Finance continued to develop successfully. In the persistently difficult segments of the shipping industry, the Bank continues to be available to current clients, and selected new clients – given reduced opportunities to originate new business, however, on a lower level. The Bank maintained its successful path in the fee and advisory businesses, increasing net fee and commission income by 3.8% to €79.8m (previous year: €76.9m). Moreover, DVB managed to keep general administrative expenses of €134.3m stable in line with the previous year (€133.7m) – in spite of continued high expenses incurred from regulatory-driven projects.