DVB has posted revenue of €341.2m for the past full year, down from €391.9m the year before, this comes as a result of allowances for credit losses of €70.7m. DVB concluded 158 new Transport Finance transactions with an aggregate volume of €4.6bn and an improved average interest margin of 352 basis points from 184 new transactions, with an aggregate volume of €5.6bn, with an average 313 basis point margin for the year before (2011). Net interest income after allowance for credit losses declined by 20.0%, to €159.3m from €199.1m on the back of higher risk allowances of €70.7m from €59.2m

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