EANS-News: Continued success for DVB Group during the first quarter of 2011 - consolidated net income before taxes up significantly year-on-year

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

quarterly report

Frankfurt am Main (euro adhoc) - DVB had a successful start into
2011. Consolidated net income before taxes rose to EUR52.8 million
for the first quarter of 2011, up significantly from EUR16.7 million
the year before.

Wolfgang F. Driese, CEO and Chairman of the Board of Managing
Directors, commented on DVB´s quarterly results:

"We are very satisfied with the results for the first quarter of
2011, which affirm that we are on the right course.

But the figures for the first three months do not provide a
sufficiently reliable basis for forecasting full-year results. This
is because further uncertainty factors - specifically, events in
Japan and the developments in Northern Africa - have been added to
the volatility factors we already anticipated: a lack of balance in
economic growth, and - especially - excess transport capacity.

Nonetheless, we are still confident that we will once again post good
results for 2011, in a difficult environment."

Total income (comprising net interest income after allowance for
credit losses, net fee and commission income, net income from
financial instruments in accordance with IAS 39, results from
investments in companies accounted for using the equity method, and
net other operating income/expenses), increased by 68.1%, to EUR96.0
million during the first quarter of 2011 (Q1 2010: EUR57.1 million).

Net interest income after allowance for credit losses increased by
0.6%, to EUR51.8 million. The increase reflected 32 new Transport
Finance transactions, with an aggregate volume of EUR1.0 billion (Q1
2010: 15 transactions with an aggregate volume of EUR0.3 billion),
and with an adequate risk-reward ratio: the average interest margin
on new business of 323 basis points remained at similarly attractive
levels to those seen in the previous year (Q1 2010: 329 basis
points). Interest expenses rose to EUR156.1 million, up 19.6%,
particularly due to write-downs on operating leases in the Investment
Management business. As a result, net interest income declined by
6.4%, to EUR48.4 million (Q1 2010: EUR51.7 million). Allowance for
credit losses of EUR3.4 million could be released during the first
quarter of 2011 (Q1 2010: EUR0.2 million recognised).

Net fee and commission income, which primarily includes fees and
commissions from new Transport Finance business, and - to an
increasing extent - Asset Management and Advisory fees, rose strongly
to EUR27.2 million, up 74.4% year-on-year (Q1 2010: EUR15.6 million).

Net income from financial instruments in accordance with IAS 39
(comprising net trading income, the hedge result, the result from the
application of the fair value option, the result from derivatives
entered into without intention to trade, and net income from
investment securities) showed a marked turnaround to EUR13.2 million
(Q1 2010: EUR-11.4 million). This figure particularly reflects
increased volatility on foreign exchange and interest rate markets.

General administrative expenses rose by 6.9% to EUR43.2 million.
Staff expenses fell slightly, by 1.7%, to EUR23.5 million. Higher
costs for legal advice and IT services meant that non-staff expenses
(including depreciation, amortisation and write-downs) increased by
EUR3.2 million, to EUR19.7 million.

DVB reported total assets of EUR18.9 billion as at 31 March 2011,
down 2.1% from the 2010 year-end (31 December 2010: EUR19.3 billion).
The nominal volume of customer lending (the aggregate of loans and
advances to customers, guarantees and indemnities, and irrevocable
loan commitments) decreased by 4.7%, to EUR18.3 billion. Due to the
fact that 86.1% of customer lending is denominated in US dollars, a
year-on-year comparison in US dollar terms (up 1.2% to US$25.9
billion) reflects business developments more accurately.

Calculated in accordance with Basel II, DVB's tier 1 ratio rose to
19.6% (31 December 2010: 18.9%), and the total capital ratio
increased slightly, to 22.6% (31 December 2010: 22.4%).

DVB's successful business performance is also reflected in its key
financial indicators. These developed as follows: return on equity
before taxes rose to 22.3% (Q1 2010: 7.4%). The cost/income ratio
declined by 24.1 percentage points, to 46.6% (Q1 2010: 70.7%).

You can find a video commentary by Wolfgang F. Driese, CEO and
Chairman of the Board of Managing Directors of DVB Bank SE, on our
website: www.dvbbank.com > Investor Relations.

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
--------------------------------------------------------------------------------

ots Originaltext: DVB Bank SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Elisabeth Winter
Manager Investor Relations
+49 69 9750 4329
elisabeth.winter@dvbbank.com

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