EANS-Adhoc: DVB Bank SE posts record Group results for 2010

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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10.03.2011

DVB Bank SE's clearly-defined business model, with a unique focus on
global transport finance, once again proved its mettle throughout
2010 - in a business environment that continued to be challenging.
Based on preliminary, still unaudited figures, the Bank posted record
consolidated net income before taxes of EUR131.1 million, a 51.4%
increase over the previous year's figure of EUR86.6 million.

Specifically, 2010 results comprised the following components:

Net interest income amounted to EUR193.0 million. DVB originated 140
new transactions in the international transport market. New Transport
Finance business totalled EUR4.5 billion (previous year: EUR2.8
billion). With an average interest margin of 327 basis points
(previous year: 354 basis points), the Bank ensured that the
risk/return ratio of its new business was adequate.

Whilst continuing tensions on international transport markets -
particularly in maritime shipping - burdened DVB's portfolios, the
Bank's risk management functioned very well, thanks to numerous
pro-active and targeted measures. Allowance for credit losses
amounted to EUR52.0 million during the period under review (2009:
EUR72.2 million). Specific allowances for credit losses remained at
the previous year's levels (2010: EUR86.0 million; 2009: EUR86.8
million), whilst there was no recurrence of portfolio impairment
allowance, to the extent seen in 2009 (2010: EUR1.3 million; 2009:
EUR23.4 million).

Consolidated net fee and commission income, which primarily includes
fees and commissions from lending business, and - to an increasing
extent - asset management and advisory fees, rose to EUR124.4
million, up 27.2% year-on-year (2009: EUR97.8 million). Attractive
new Transport Finance business was also the main contributor here.

Net income from financial instruments in accordance with IAS 39
showed a significant 68.7% increase, from EUR17.9 million to EUR30.2
million, reflecting market volatility in interest rates and
currencies during the course of 2010. The comparable figures for 2008
and 2009 had burdened the IAS 39 result by the impairment of a bank
bond; no further write-downs were required in 2010.

General administrative expenses rose by 12.6%, to EUR176.2 million
(previous year: EUR156.5 million). Staff expenses of EUR101.5 million
were up 13.5% year-on-year (previous year: EUR89.4 million). Due to
the Bank's very good business performance, provisions for payments to
employees under DVB's Long-Term Incentive Plan were recognised for
the first time since 2008. At EUR69.0 million, non-staff expenses
were up 10.0% (previous year: EUR62.7 million).

At EUR21.2 billion, the volume of business in 2010 was up 11.0% on
the previous year (2009: EUR19.1 billion). DVB's total assets also
increased, to EUR19.3 billion on the reporting date (2009: EUR17.3
billion). The Bank's nominal customer lending for regulatory purposes
(the aggregate of loans and advances to customers, guarantees and
indemnities, derivatives, and irrevocable loan commitments) increased
by 11.0%, to EUR19.2 billion (2009: EUR17.3 billion).

DVB's capital ratios, determined in accordance with Basel II and
following the confirmation of profits in the financial statements,
developed as follows: the tier 1 ratio in accordance with Basel II
was 18.9% (2009: 14.2%), and the total capital ratio 22.4% (2009:
18.0%).

DVB Group's key strategic indicators also improved: return on equity
before taxes was 13.9% (2009: 9.4%), and the cost/income ratio stood
at 49.0% (2009: 49.6%).

The Board of Managing Directors and the Supervisory Board will
propose to DVB Bank SE's Annual General Meeting, which will be held
on 9 June 2011, to pay an unchanged dividend of EUR0.60 per notional
no-par value share. In this way, DVB will provide its shareholders
with a good dividend yield of 2.40%, whilst further strengthening the
Bank's liable capital. DVB's capitalisation already complies with
capital requirements under Basel III which are currently under
discussion.

Frankfurt/Main, 10 March 2011

DVB Bank SE

THE BOARD OF MANAGING DIRECTORS

Wolfgang F. Driese Bertrand Grabowski
Dagfinn Lunde

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

Further inquiry note:

Elisabeth Winter
Investor Relations
Tel: +49 (0)69-97504-329
E-Mail: elisabeth.winter@dvbbank.com

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