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How Do You Measure Success? – DVB Reports a Strong Nine Months

In banker “speak”, it was a good nine months for DVB Bank SE. Total assets rose by 7.3% to €20.7 billion as the nominal volume of customer lending grew 2.1% in Euro terms to €19.6 billion or, more relevantly, 2.7% in dollar terms to $26.3 billion. In more prosaic terms, new business totaled 109 transactions with an aggregate volume of €3.3 billion, versus the year earlier result of 93 deals with a volume of €3 billion. Unfortunately, due to higher funding costs and a strategic focus on better credits, the average interest margin declined from 322 to 297 basis points.

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Written by: | Categories: Freshly Minted, The Week in Review | December 1st, 2011 |

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