Deutsche Bank to open representative office in Bangladesh

Deutsche Financial institution is increasing its international community with the launch of its first consultant workplace in Dhaka, Bangladesh. With this new market entry, Deutsche Financial institution’s regional footprint in Asia Pacific will quickly span 15 various markets.

Responding to sturdy shopper demand for commerce finance help on this fast-growing nation, Deutsche Financial institution will start operations in Bangladesh shortly. The consultant workplace will give attention to supporting multinational company shoppers, predominantly exporters to Bangladesh. The financial institution has employed Syed Naushad Zaman, beforehand Deputy Head of the Commerzbank Consultant Workplace in Bangladesh, to guide its enterprise within the nation.

“We proceed to develop and put money into our enterprise in Asia Pacific,” stated Deutsche Financial institution Chief Govt Officer for Asia Pacific and Member of the Administration Board Alexander von zur Muehlen. “We’re proud that in our one hundred and fiftieth anniversary in Asia Pacific, we’re welcoming a fifteenth market to our sturdy regional community.”

Bangladesh is a superb instance of the numerous alternative that we see for our platform within the area. With its fast-growing financial system we enter this market to help its growing participation in regional and international commerce. Alexander von zur Muehlen

Atul Jain, Deutsche Financial institution International Co-Head for Commerce Finance and Lending, added, “Bangladesh is an more and more strategic marketplace for each our international multinational and German company shoppers. This consultant workplace displays our agency dedication to help our shoppers’ evolving danger administration and financing wants on this dynamic progress market.”

In accordance with the Embassy of Bangladesh, Germany is the biggest buying and selling companion of Bangladesh in Europe and the second largest globally. German exports to Bangladesh have tripled previously 25 years. In 2021 German exports to Bangladesh recorded a forty five per cent enhance to US$ 877 million. At nearly US$ 400 million, slightly below half of this was equipment and gear.