DKB has been an issuer of covered and senior unsecured bonds in the capital market for many years. It primarily issues bearer and registered Pfandbriefe in a broad range of maturities as well as selected Green Bonds in the senior unsecured format. Since 2018, DKB has also been very successful in issuing social bonds and has received a Bond Award from Environmental Finance for the second time in a row.
Since its debut in 2006, the volume of outstanding DKB bonds has risen to around EUR 9 billion as at 31.12.2019 due to the issuance of public-sector and mortgage Pfandbriefe as well as senior unsecured bonds. Of these, the volume of issued Green Bonds is currently EUR 1 billion.
|Public sector -
|Issuer rating||Senior unsecured bonds (Junior Senior Unsecured)|
|ISS ESG rating||-||-||B-
|imug rating||very positive (A)||positive (BBB)||positive (BB)|
With total assets of more than EUR 83 billion, Berlin-based DKB is one of Germany's largest banks. The company was set up in 1990 and is a wholly owned subsidiary of BayernLB. Its business activities are focused on the German market. As a focused customer bank, DKB makes around 84% of its total assets available to local authorities, SMEs and retail customers. DKB's business is based on two pillars. As an online bank, we help more than 4.3 million retail customers via the internet, offering them intuitive products on transparent terms. And, as a commercial bank, we provide local authorities and companies in selected industries with tailor-made financing and investment solutions from our branches.
A considerable part of DKB’s business is sustainable, either from an ecological or social perspective. For instance, DKB finances the construction of energy-efficient housing adapted to the needs of the elderly as well as in- and outpatient healthcare facilities and building projects in schools and nurseries. The bank has been providing loans for a large number of renewable energy projects mostly in the wind, solar and bioenergy sectors since 1996 and is one of the German key lenders in this field with a loan volume of nearly EUR 11 billion. The plants being financed generate enough energy to power more than 5 million two-person households.
DKB is an active member of the Association of German Public Banks (VÖB), the Association of German Pfandbrief Banks (vdp), the Bankenfachverband and the ACI, for which it pays the corresponding membership subscriptions. It does not spend any other money on lobbying.
All annual, half-year reports and compensation reports since 2002
All information on DKB's Sustainable Bond Programmes.