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DVB Bank to quit transport funding

DVB Bank to quit transport funding

“The Transport Infrastructure Division has developed well and has contributed steadily to the bank’s positive results over the past few years, thanks to the talent and hard work of the team. Nonetheless, the Board holds the view that, giving the constantly growing transaction sizes for transport infrastructure projects, achieving the bank’s strategic goals in transport infrastructure finance appears unlikely.”

The Transport Infrastructure Division was established in 1998, and in 2005 accounted for 4.9% of DVB’s consolidated revenues. At present, transport infrastructure accounts for 5.8% of the bank’s overall transport finance loan portfolio. This portfolio is broadly diversified around the globe, comprising 28 projects with a focus on maritime ports, airports and toll roads.