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Media: Owner close to partial sale of DVB

Sources tell Reuters that the large German bank has entered the final phase of selling off parts of DVB Bank. The plan is to eventually offload the bank's strained shipping portfolio.

Media: DVB sale getting closer

German bank group DZ Bank has tapped Goldman Sachs as consultant for the sale of DVB Bank, which DZ Bank is looking to divest due to, in particular, massive non-performing loans to the shipping sector, reports Reuters.

DVB doubles loss provisions for shipping and offshore

German-owned transport bank DVB Bank Group (DVB) has increased its credit allowances for losses on shipping and offshore significantly in the first three months of the year due to the continuing challenges in the two markets.

German shipping banks have outplayed their global lead

After yet another year of huge losses in shipping for German banks, two former bank executives tell ShippingWatch that they believe the previously dominant German sector in the shipping industry will play a marginal role going forward.

DVB doubts container carriers' optimism

One of Europe's largest shipping banks, DVB, does not share the 2017 optimism of container carriers. "We have not yet seen the effect of the bottom in the financial reports," says DVB's Managing Director of Shipping and Offshore to ShippingWatch.

DVB: Shipyards deflating the shipping economy

Even though some of the Asian and, especially, South Korean shipyards are cutting costs, production capacity available at yards in Asia represents a fundamental challenge for the economy in the shipping sector, with an equilibrium being far off, DVB tells ShippingWatch.

Shipping and offshore slap DVB with huge deficit

One of Europe's top shipping and offshore banks, DVB, is hit hard by provisions for shipping and offshore. The shipping downturn may have bottomed out, but there are more offshore losses in store, says the bank.

DVB Bank takes huge deficit on shipping and offshore

DVB was pulled into a deficit in the first nine months due in particular to its massive exposure to shipping and offshore. The bank has reduced its shipping portfolio slightly in 2016 and booked huge impairments on loans to the sector.

Shipping drags down DVB Bank's half-year result

German shipping bank DVB came out of the first six months 2016 with a positive bottom line, though the result took a big dive compared to last year due to the persistent crisis in shipping. The bank remains active in the sector, but at a lower level, notes DVB.

DVB snatches up shipping exec from HSH Nordbank

Shipping bank DVB has recruited Ingmar Loges, who has served with HSH Nordbank for several years, most recently as the bank's Head of Global Shipping. Loges will now join DVB's shipping management and oversee ship financing in the western hemisphere.

Afskrivninger på shipping præger DVB-regnskab

Svære shippingsegmenter løber med opmærksomheden i et DVB's kvartalsregnskab, der ellers præsenterer et forbedret resultat før skat. To tredjedele af afskrivningerne kommer fra shipping.

Gains for DVB in spite of tough shipping market

DVB more than doubled the net result in the first quarter and expects a solid result for the rest of the year. Risk costs will remain at the same level as previously due to a tough situation in some shipping segments, says CEO Wolfgang F. Driese.

Optur for DVB trods svære forhold for shipping

Storbanken DVB mere end fordoblede nettoresultatet i første kvartal og forventer et solidt resultat for hele året. Omkostninger til risici bliver på samme niveau som tidligere på grund af svær situation i nogle shippingsegmenter, siger CEO.

DVB Board of Directors hires new shipping chief

Germany's major bank DVB has hired Bart Veldhuizen of shipping consultants Swaen Marine for the bank's Board of Managing Directors. He will replace Ralf Bedranowsky as responsible for shipping and offshore financing.

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