Themen:
Media Release
December 20, 2023
Deutsche Bank increases investment in Indonesia to support growth
Deutsche Bank boosts business in Indonesia by doubling its local capital to IDR 10 trillion (EUR 600 million)
Deutsche Bank has today announced an increase that doubles its total local capital to IDR 10 trillion (€600 million) for its business in Indonesia. The additional investment will support the bank’s growth in the country and allow it to undertake more activity for clients. This is Deutsche Bank’s third capital increase in Asia Pacific this year, further to previous investments in Vietnam and South Korea.
Deutsche Bank has a 54-year history in Indonesia, which is a key market in the bank’s ASEAN network. The business plays an increasingly important role in the success of Deutsche Bank’s regional franchise, given its strong performance and fast-growing client base.
The bank provides a range of corporate banking solutions to multinational companies, large local corporates and financial institutions in Indonesia. These services include cash management, FX, custody and trade finance. It also offers investment banking services, including fixed income and currencies.
Deutsche Bank CEO of Asia-Pacific, Europe, Middle East & Africa (EMEA) and Germany and Member of the Management Board, Alexander von zur Muehlen said: “We continue to invest in Asia Pacific and expand in markets that are becoming increasingly strategic for our clients. We see long-term opportunity in Indonesia, which has one of the fastest growing economies in Asia. Its well-established strength in resources is nicely complemented by its focus on emerging industries like technology and EV manufacturing. These factors, along with the country’s structural reform and economic transformation, position it strongly."
Deutsche Bank Chief Country Officer for Indonesia, Siantoro Goeyardi said: “We have deep roots in Jakarta and Indonesia and are proud of the strong business that we have built over the past 54 years. This additional capital is recognition of our success to date and ongoing potential. It underscores the importance of Indonesia, which is the cornerstone of the ASEAN region, to Deutsche Bank globally and our clients. We look forward to further cementing our position in the country.”
Deutsche Bank Indonesia received a range of industry awards last year, including Asiamoney’s ‘Best Corporate Bank’, Refinitiv’s ‘Best FX Market Maker’ and The Asset’s ‘Best Islamic Custodian’, recognising its comprehensive suite of solutions.
For further information, please contact:
Deutsche Bank AG
Media Relations
Kate Fields
Phone: +852 2203 5094
Email: kate.fields@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
Learn about Deutsche Bank in Asia
Deutsche Bank in Indonesia
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