06. Mai 2019
Helaba successfully concludes acquisition of DVB Bank SE's Land Transport Finance portfolio
Helaba has successfully concluded the acquisition of the Land Transport Finance customer loan portfolio from DVB Bank SE (DVB) as well as the integration of associated personnel.
As a result of the transaction, Helaba's Rolling Stock Finance segment has grown to a total volume of around EUR 2 billion. The focus is on financing structures that are individually tailored to the customer, both in the form of short-term facilities as well as long-term complex structured asset-based loans. "With the acquisition of the Land Transport Finance portfolio, we have not only noticeably expanded our Rail Finance segment and strengthened our market position but have also complemented our existing portfolio within the significant business field of Asset Finance. It will also strengthen our Asset Fi-nance team in Frankfurt, London and New York," explains Dr Norbert Schraad, a Member of Helaba's Board of Managing Directors.
In addition to its financing activities, Helaba now also provides advisory services for the financing of rail-bound means of transport and rail-related vehicles from its London branch.