DVB Bank SE

EANS-News: A breakthrough in Aircraft Financing in China: DVB finances ICBC´s leasing portfolio of eight aircraft

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Joint Ventures/Cooperation/Collaboration

Frankfurt am Main (euro adhoc) - DVB Bank and ICBC Financial Leasing (ICBCFL), a wholly-owned subsidiary of Industrial and Commercial Bank of China (ICBC), are pleased to announce the successful closing of a five-year USD162.8m term loan facility.

In September 2010, DVB - through its Singapore-based subsidiary DVB Group Merchant Bank (Asia) Ltd. - arranged and underwrote the portfolio financing of eight aircraft on operating leases to four international and Chinese airline lessees. The portfolio comprises of a mix of new generation narrow-body aircraft from both Boeing and Airbus.

This five-year term loan facility is the first financing by a third party international bank of any of ICBC´s leasing portfolio and represents a milestone in furthering the co-operation between DVB and ICBCFL.

Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank, said: "This successful financing underscores DVB´s focus in participating in the fast growing Chinese aviation industry, and how the unique DVB aviation platform can be deployed to serve our customers throughout the aviation business cycle."

Johnny Lau, Managing Director of Aviation Finance for ICBCFL, said: "ICBC Leasing commits to best serve our clients and provide attractive lease solutions globally. We are very pleased to have DVB as the very first important partner for our fast-growing business, particularly with regard to the international market place. There will be lots of opportunities to work together."

DVB, with its Asian headquarters based in Singapore, leverages Singapore's position as a leading aviation hub to drive business growth in the region. ICBC Leasing was established in 2007, with increased capital of RMB 5 billion and 56 aircraft managed/owned as at October 2010. IATA recently upgraded its profit forecast for the airline industry in 2010 to a net profit of USD8.9 billion from USD2.5 billion. This figure, a sharp turnaround from the USD9.9 billion loss suffered by the industry in 2009, is led by the Asia-Pacific region. In particular, thus far in 2010 China has registered a healthy 18% increase in air traffic levels over the previous year.

More information about DVB Aviation Finance: http://www.dvbbank.com/en/solutions/aviation/index.html More information about ICBC Leasing: http://www.icbcleasing.com

Note to Editors: ICBC Financial Leasing is a wholly-owned subsidiary of Industrial and Commercial Bank of China, and the first in the financial industry to have attained CBRC authorisation to operate as a bank-backed leasing institution in China. ICBC Leasing focuses on three business lines - aviation, shipping and large-ticket equipment. ICBC Leasing has been a pioneer and market leader in the financial leasing industry since its inception in November 2007. Via strong cooperation with its business partners, ICBC Leasing forges ahead with a global vision, building on a market-oriented culture, and offering innovative, tailor-made solutions and professional services, maintaining leadership in the domestic market as well as being a world class international financial leasing company.

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).

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

Further inquiry note:
Contact for general inquiries:

Prof. Dr. Borislav Bjelicic
Senior Vice President
Group Corporate Communications
DVB Bank SE
Platz der Republik 6
60325 Frankfurt / Main
Germany
Phone: +49 (0) 69 9750 4390
Mobile: +49 (0) 172 691 7342
Office Fax: +49 (0) 69 9750 4333
borislav.bjelicic@dvbbank.com
www.dvbbank.com


Dorothy Wei
Aviation Finance
ICBC Leasing
10/F, Bank of Beijing Building, 17(C) Jinrong Street, Xicheng District,
Beijing, 100140,
China
Phone: +86-10-66105852
Fax: +86-10-66105999-2
Mobile: +86-13811952705
weidongdi@icbcleasing.com
www.icbcleasing.com

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



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