Magazine article Economic Review

Deutsche Bank

Magazine article Economic Review

Deutsche Bank

Article excerpt

Deutsche Bank Group in the Asia Pacific Region has more than 80 offices in 17 countries will more than 6000 staff Total group assets: US$101,885 million, total group deposits: US$23,823 million as at June 30, 1997 (1US$ = DEM 1,7441).

Founded in 1870, Deutsche Bank is Europe's largest bank and one of the world's leading financial institutions. Today, the Deutsche Bank Group offers a full range of financial services through 2,400 offices in 50 countries. The Group employs more than 74,000 people worldwide and has assets in excess of DM996 billion. The Asia Pacific region has always played an important role in our international strategy. Our roots in Asia go back to 1872 when the Bank's first branches were opened in Shanghai and Yokohama. One of the best represented international banks in the region, the Deutsche Bank Group today employs 6,000 people in 17 countries. As part of our long-term commitment to the region we have opened 17 new offices in the last four years and will continue to selectively expand our operations in strategically important businesses and countries. As financial markets and products have become increasingly global and complex, we have added new capabilities to enhance our market leading position. At the same time we have retained our trademark commitment to customers and firm belief in long-term relationships. Our network, quality of staff, balance sheet strength and ability to offer the full range of products of a universal bank ensure that we can deliver tailored solutions to meet clients needs throughout the region and worldwide. …

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