DVB Bank SE is an international advisory bank and finance house that specializes in the global transport market. It divides its activities into four business segments: shipping finance, aviation finance, land transport finance and investment management. DVB Bank offers structured asset financing, advisory services, loan participations, investment management, risk distribution and asset and market research services. As of December 31, 2008 the Bank was 95.44%-owned by DZ Bank and operated through 12 locations worldwide. DVB Bank has numerous subsidiaries, including DVB Bank NV in the Netherlands, DVB Bank America NV in the Netherlands Antilles, DVB Group Merchant Bank (Asia) Ltd in Singapore, International Transport Finance Ltd in Japan and DVB Holding GmbH in Germany, among others.