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

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Accounting and Audits/Consolidated net income 2011

08.03.2012

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%.

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.

Frankfurt/Main, 8 March 2012

DVB Bank SE

THE BOARD OF MANAGING DIRECTORS

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

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: 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