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

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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).

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
[email protected]
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
[email protected]
www.icbcleasing.com
end of announcement euro adhoc
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company: 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: [email protected]
WWW: http://www.dvbbank.com
sector: Banking
ISIN: DE0008045501
indexes:
stockmarkets: free trade: Stuttgart, Düsseldorf, regulated dealing/general standard:
Frankfurt
language: English

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