Themen:
Media Release
June 2, 2022
Deutsche Bank and PT Toyota Astra Financial Services (TAF) today announced Deutsche Bank will install cash deposit machines at TAF branches across Indonesia. This service simplifies the cash collection process for companies, while providing their customers with a more convenient payment method.
TAF is the multi-purpose car-financing company of Toyota Financial Services (TFS) and a joint venture between TFS and Astra International, Southeast Asia's largest independent automotive group. Toyota Financial Services is a wholly owned subsidiary of Toyota Motor Corporation, one of the world's largest automotive manufacturers.
Through partnerships with banks, dealerships and insurers, TAF serves Indonesian business and consumer needs for Toyota vehicles through various financing and leasing products.
Deutsche Bank will implement cash deposit machines at TAF branches in Indonesia, which transmit real-time payment data to TAF, streamlining the highly manual collection process and improving cash flow forecasting.
Vonty Hermawati, Head of Corporate Cash Management for Indonesia at Deutsche Bank, said “Businesses in new and emerging markets are often laden with traditional physical processes. This service is a win-win, enhancing the payment experience for customers while allowing corporates to operate more efficiently through automation and straight-through processing. We remain committed to helping companies with their cash management needs, through our solutions that are backed by advanced technologies.”
Lina, Division Head of Finance, TAF, said, “Indonesia is a very important market for Toyota and we are delighted to offer this service to our customers. Greater convenience for our customers means we can serve them better, retain them, and win new ones. This will then affirm and enhance our standing as the leading Toyota financier in Indonesia, in the four-wheeled market. We have enjoyed a long-standing relationship with Deutsche Bank and look forward to working with them more closely as we grow from strength to strength.”
For further information please contact:
Deutsche Bank AG
Media Relations
Derrick Tee
Phone: +65 8788 5403
Email: derrick.tee@db.com
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
Further links on the topic
Deutsche Bank in Indonesia
Deutsche Bank in Asia Pacific
Financing the future in Asia Pacific for 150 years
More about Toyota Astra Financial Services Indonesia
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