EANS-News: DVB Bank´s CEO expects Chinese banks to play a more important role in the global transport finance market

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Company Information

Frankfurt am Main (euro adhoc) - In a press meeting held today in
Beijing, DVB Bank´s CEO, Wolfgang Driese, showed great optimism on
the future role of China - both in the global economy, and in global
transport financing.

Mr Driese said: "The recent economic crisis has already proven that
China is the new emerging economic superpower. China´s economic
stimulus package has prevented the world from sliding into a
long-term recession. A large part of the economic stimulus package
was dedicated to the transport sector, and all the investments in
this sector will lay the ground for further expansion of the Chinese
economy. The transport sector has always been a key for economic
success, and during the next years a growing number of Chinese
transport companies will develop very quickly into global players.
With the growth of the shipbuilding, aerospace and rail equipment
industries in China, there will be an increasing need for transport
finance solutions. In the wake of the worldwide financial markets
crisis, however, numerous banks withdrew from transport financing, or
cut back their exposure. Moreover, a severe loss of confidence in the
interbank market brought syndications to a halt. With the global
economy now returning to its previous growth path, we need a
revitalisation of the global syndication market. Here, I see good
business opportunities for Chinese banks, since a number of Western
Hemisphere banks that were active before the crisis may well not
return. I am convinced that Chinese banks will gain more importance
in the global syndication market".

DVB has already been a provider of transport finance solutions to
Chinese companies for many years. For example, in 2002 DVB provided a
commercial debt facility for Hainan Airlines to finance Hainan´s
first in a series of B767-300ER aircraft. This facility was
groundbreaking as it was the first time that a non-state-owned
Chinese airline had managed to secure non-guaranteed debt in the
international air finance community. In 2006, DVB structured a
landmark USD869 million sale and managed leaseback transaction for a
400,000 container box portfolio that was owned and managed by Florens
Container Inc., a subsidiary of Cosco Pacific. Furthermore, very
recently DVB financed an aircraft portfolio comprising of a mix of
new generation narrow-body aircraft from both Boeing and Airbus for
ICBC Financial Leasing (ICBCFL), a wholly-owned subsidiary of
Industrial and Commercial Bank of China (ICBC). This five-year term
loan facility is the first financing by a third party international
bank of any of ICBC´s leasing portfolio, and represents a milestone
in furthering the co-operation between DVB and ICBCFL. Other
important deals have been structured for Dragon Aviation Leasing,
North China Shipping Holdings, and Yangtze River Express, to name
just a few.

Note to Editors: DVB Bank SE, headquartered in Frankfurt/Main,
Germany, is the leading specialist in the international Transport
Finance business. The Bank offers integrated financing solutions and
advisory services in respect of Shipping Finance, Aviation Finance,
and Land Transport Finance. The Bank operates out of offices in
Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo,
Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE
is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).

end of announcement euro adhoc
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ots Originaltext: DVB Bank SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Prof. Dr. Borislav Bjelicic
DVB Bank SE, Group Corporate Communications
Platz der Republik 6, 60325 Frankfurt/Main, Germany
Phone +49 69 9750 4390, Fax (0 69) 9750 4333
borislav.bjelicic@dvbbank.com, www.dvbbank.com

Branche: Banking
ISIN: DE0008045501
WKN: 804550
Börsen: Stuttgart / free trade
Düsseldorf / free trade
Frankfurt / regulated dealing/general standard