How to login to my account with DVB Bank?
To login to your account with DVB bank. go to their website home page dvbbank.com , click on CLIENT ACCOUNT, which is located in the upper right corner of the page. Enter your username, password and login to your account.
DB Bank, owned by DZ Bank (which also recently withdrew from the land transport and aviation sectors), is winding down its German business after failing to find a buyer for its stake in the country’s second largest bank. DZ Bank has been trying for several months to find a buyer for DVB without any customers coming forward. It is the second bank in a series of banks to withdraw from the sector in recent years after failing in its attempt to acquire a majority stake in the country’s largest bank, Deutsche Bank.
Non-performing shipping and offshore loans weighed on DVB’s performance in 2017, and the lender posted a loss of 774 million euros, leading to the decision to sell the subsidiary. Van de Bospoort added that there would be no sale of the loan portfolio, but he expects it to remain present in Singapore for the next few years.
Landesbank Hessen – Thüringen (Helaba) has completed the acquisition of DVB’s land transport portfolio, bringing the total volume of its acquired assets and rolling stock to EUR 1.5 billion. According to the announcement, there were no significant changes in the assets of the trading company, which comprises assets from the aviation, rail and shipping sectors, as it was advised by one of the largest German private equity firms, KKR & Co. Ltd. and Deutsche Bank AG. Helaba’s acquisition of land and transport portfolios is the latest in a series of steps towards a more active role in land and transport assets in Germany and Europe.
Norton Rose Fulbright is a global law firm that provides comprehensive business law services to the world’s leading companies and financial institutions. The firm has offices in Germany, the United States, Europe and Asia-Pacific with offices in London, New York, Hong Kong, Paris, London and Frankfurt. Norton Rose is led by partners Alan Bainbridge and Simon Lew and has a team of more than 1,000 lawyers in the UK, US, Germany and Europe.
DB Bank SE, headquartered in Frankfurt am Main, is a leading specialist in the financial services sector in Europe and the Middle East. The Bank provides a wide range of integrated financing solutions and advisory services to financial institutions, private equity firms and the private sector.
BearingPoint consultants understand that the resulting complexity requires intelligent and adaptive solutions, with a focus on the integration of data, analytics and data analysis in the financial services sector.
DB is unusual in that this combination is rarely found in one package, and the threat of a trade war between the US and China, the world’s two largest economies, could hit them hard. This segment of shipping is experiencing a fragile recovery after a decade – a long slump caused in part by too many ship orders. DZ Bank has abandoned its efforts to sell the entire DVB Bank as it is under pressure from its shipping business, sources said.
One problem for potential buyers in the future would be the cost of refinancing ship loans. It is estimated that it holds shipping debts of more than 1.5 billion euros, and shipping finance sources said much of that debt is unlikely to be repaid in full.
DB would downgrade the stand-alone business and downgrade the business of its parent company, the DVB Group, a subsidiary of Deutsche Bank AG, and its subsidiaries.
D shares on 16 August and opened a merger investigation into the proposed acquisition of the German-based cooperative lender DZ Bank. Sources told Reuters the company plans to be the first Chinese company to sell D-shares in Frankfurt. In January, it was quoted as saying that it would probably adopt a new strategy for its rapidly growing Chinese investments in Germany by the end of the year.
The acquisition of the DVB unit would give MUFG a foothold in Germany, where it is increasingly active in the credit market. The transaction also includes the acquisition of the assets of DZ Bank, which will be transferred to a newly established subsidiary, BOT Lease. An asset purchase agreement provides for the transfer of employees and other parts of the operational infrastructure as well as the sale of some assets.
The company, which has advised on a number of high-profile mergers and acquisitions in the US and Europe in recent weeks, is a member of the Financial Stability Board (FSB) of the European Central Bank (ECB).
In December 2018, the company advised DVB and DZ Bank AG on the acquisition of Dz Bank Deutschland by the Bundesverband deutscher Banken (BBA) and its subsidiary Hensen Bank AG. Norton Rose Fulbright advises DVb as co-counsel with Freshfields Deutschland on this transaction.
As part of the purchase agreement, the assets and liabilities of Dz Bank Deutschland and its subsidiaries will be transferred to MUFG and BOTL will transfer its assets, liabilities and assets under management to BotL. Norton Rose Fulbright advises DVb as co-counsel on the acquisition of DVB’s affiliated leasing business in Germany and the USA by Freshfields.
Last Updated on June 8, 2022
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