Simply Blown Away

On Tuesday, DVB Bank confirmed that it is not only well positioned to survive in this downturn but also to thrive.

The remarkable news was that the bank entered into 39 new transactions in the 1st quarter generating new business volume of EUR 1.12 billion down only slightly from the comparable period last year. The average interest margin on new business reached an all-time high of 344 bps, more than double the 161 bps it earned in the 1st quarter last year. Unfortunately, it still was not sufficient to compensate for higher funding costs and the impact of distortions

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