EANS-News: DVB Bank SE / DVB posts an all-time high for 2011 Consolidated net income before taxes of EUR147.7 million - up 12.7%

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annual result/Consolidated net income 2011

Frankfurt am Main (euro adhoc) - DVB Bank SE's clearly-defined
business model, with a unique focus on global Transport Finance, once
again proved its worth throughout 2011. Against the background of the
sovereign debt crisis in Europe and the prevailing difficult
conditions in some international maritime shipping market segments,
the Bank posted a very good consolidated net income before taxes of
EUR147.7 million, which exceeded the previous year's record figure of
EUR131.1 million by 12.7%.

Wolfgang F. Driese, CEO and Chairman of the Board of Managing
Directors, assessed DVB´s consolidated results:

"We held our steady course during a year that was shaped by manifold
turbulence and uncertainty. This is why we are extremely satisfied
with our results, which mark an all-time high.

2012 will not be any easier to navigate, since the cash flows of
international transport operators are under pressure - from continued
excess supply in some maritime shipping segments, sluggish demand in
some aviation sectors, and - particularly - from persistently high
fuel costs. As before, we will adhere to a conservative lending
policy, and will continue to be selective about new business, whilst
closely monitoring existing exposures. Above all, we will further
expand our advisory business, which has met with strong demand during
the crisis. Our strategy has paid off."

DVB concluded 184 new transactions with an aggregate volume of EUR5.6
billion and a risk-adequate average interest margin of 313 basis
points (2010: 140 new transactions, EUR4.4 billion, 327 basis
points). Thanks to the higher new business originated and due to the
sale of container boxes by a shipping investment fund managed by DVB,
net interest income rose by 33.8%, to EUR258.3 million (2010:
EUR193.0 million); at EUR199.1 million, net interest income after
allowance for credit losses was up 41.2% year-on-year (2010: EUR141.0
million).

Whilst continuing tensions on international transport markets -
particularly in maritime shipping - burdened DVB's portfolios, the
Bank's risk management was effective, thanks to numerous pro-active
and targeted measures. Allowance for credit losses totalled EUR-59.2
million (2010: EUR-52.0 million).

Net fee and commission income, which primarily includes fees and
commissions from lending business, and asset management and advisory
fees, remained at a high level of EUR116.2 million (2010: EUR124.4
million).

Net income from financial instruments in accordance with IAS 39
showed a marked decline of 85.4%, from EUR30.2 million to EUR4.4
million, reflecting market volatility in interest rates and
currencies during the course of 2011.

DVB's total income (after allowance for credit losses) increased to
EUR337.1 million in 2011, up 9.7% year-on-year (2010: EUR307.3
million).

General administrative expenses rose by 7.5%, to EUR189.4 million
(2010: EUR176.2 million). Staff expenses of EUR109.0 million were up
7.4% year-on-year (2010: EUR101.5 million): due to the Bank's very
good business performance, provisions for payments to employees under
the "DVB Long-Term Incentive Plan" were recognised again. At EUR75.6
million, non-staff expenses were up 9.6% on the previous year (2010:
EUR69.0 million).

Total assets increased by 14.0% from EUR19.3 billion to EUR22.0
billion. DVB´s nominal customer lending (the aggregate of loans and
advances to customers, guarantees and indemnities, irrevocable loan
commitments, and derivatives) rose by 13.0%, to EUR21.7 billion
(2010: EUR19.2 billion).

DVB's capital ratios, determined in accordance with Basel II
(following the confirmation of profits) developed as follows: the
tier 1 ratio was 19.7% (2010: 18.9%), and the total capital ratio
21.8% (2010: 22.4%).

The key strategic indicators which the DVB Group uses to manage its
business reflected the successful business performance: return on
equity before taxes was 14.0% (2010: 13.9%), and the cost/income
ratio declined to 47.8% (2010: 49.0%).

The Board of Managing Directors and the Supervisory Board will
propose to DVB Bank SE´s Annual General Meeting, which will be held
on 13 June 2012, to pay an unchanged dividend of EUR0.60 per notional
no-par value share. In this way, DVB will provide its shareholders
with an adequate dividend yield of 2.51%, whilst further
strengthening the Bank's liable capital.

You can find a video commentary by Wolfgang F. Driese, CEO and
Chairman of the Board of Managing Directors of DVB Bank SE, on the
Bank´s website: www.dvbbank.com. As an additional service, news
aktuell will upload a gallery with photographs from the press
conference, which will be available for download on
www.eventbildservice.de at about 1.00 pm.

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

end of announcement euro adhoc
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company: DVB Bank SE
Platz der Republik 6
D-60325 Frankfurt am Main
phone: +49 (0)69 9750-40
FAX: +49 (0)69 9750-4444
mail: info@dvbbank.com
WWW: http://www.dvbbank.com
sector: Banking
ISIN: DE0008045501
indexes:
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
standard: Frankfurt
language: English