DVB Bank and ICBC Financial Leasing (ICBCFL), a wholly-owned subsidiary of Industrial and Commercial Bank of China (ICBC), have closed a five-year $162.8 million term loan facility. In September 2010, DVB, via its Singapore-based subsidiary DVB Group Merchant Bank, arranged and underwrote the portfolio financing of eight aircraft on operating leases to four international and Chinese airline lessees. The portfolio comprises of a mix of new generation narrow-body aircraft from both Boeing and Airbus. This five-year term loan facility is the first financing by a third party international bank of any of ICBC’s leasing portfolio and represents a milestone in

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