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BANK PROFILE: The right deal for the right price
28 December 2009
DVB Bank has been in the market for decades. Sophie Segal speaks to Bertrand Grabowski, a member of the board of managing directors, about the bank's aviation strategy and the kinds of clients it is looking for.
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DVB
Bertrand Grabowski
Very few banks can boast $2 billion in commercial loans for 2009, but that is the amount of aircraft that DVB Bank will have financed by the end of this year. After a record year in 2008, DVB’s aviation portfolio will increase by 5% in 2009.DVB, the transportation bank incorporated in Germany, has been in the aircraft lending business for more than 10 years. Though many group it with the German Landesbanks, it is no such thing. In fact, DVB has tried to shake its image as a German bank. Wanting to be recognized as a global transportation merchant bank, DVB changed its name in October 2008, from DVB Bank AG (Aktiengesellschaft) to DVB Bank SE (Societas Europaea). With 58 employees in aviation, the bank continues to expand. While DVB started investing in aircraft in 2001, it hired an asset management team to manage and remarket leased aircraft in 2007....
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