Helaba to acquire DVB Bank SE's Land Transport Finance portfolio

Helaba has agreed to acquire the Land Transport Finance customer loan portfolio from DVB Bank SE (DVB) (30 June 2018: EUR 1.4 billion) and the related employees.

The trans­action, which is still subject to regu­latory approvals, is currently planned to be completed in the first half of next year. Both parties have agreed not to disclose the purchase price.

Helaba has continued to expand its Rolling Stock Finance segment in 2018. The acqui­sition of DVB's portfolio now enables the bank to achieve a sustained improve­ment in its market share for land transport finance.