Deutsche Bank Recognizes Indonesia’s Potential with EUR 600 Million Capital Injection

Deutsche Bank Recognizes Indonesia’s Potential with EUR 600 Million Capital Injection

(IN BRIEF) Deutsche Bank is significantly increasing its investment in Indonesia by doubling its local capital to IDR 10 trillion (EUR 600 million). This move reflects the bank’s commitment to the Indonesian market, where it has a 54-year history. It aims to support its growth in the country and expand its services for clients. This capital injection is part of Deutsche Bank’s broader strategy to invest in strategic Asian markets, following similar moves in Vietnam and South Korea. The bank offers a range of financial services in Indonesia, including corporate banking and investment banking, and has received several industry awards for its comprehensive solutions in the region.

(PRESS RELEASE) FRANKFURT, 20-Dec-2023 — /EuropaWire/ —  Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), Germany’s leading multinational investment bank and financial services company, has revealed a momentous decision to amplify its commitment to the Indonesian market by doubling its local capital to a substantial IDR 10 trillion, equivalent to approximately EUR 600 million. This strategic move underscores the bank’s dedication to fostering its growth in Indonesia and providing enhanced services to its esteemed clientele. It marks Deutsche Bank’s third capital infusion in the Asia Pacific region this year, following previous investments in Vietnam and South Korea.

With an illustrious history spanning 54 years in Indonesia, the country holds a pivotal position within Deutsche Bank’s ASEAN network. The Indonesian business unit continues to play an increasingly vital role in the success of Deutsche Bank’s regional franchise, thanks to its robust performance and rapidly expanding client base.

Deutsche Bank is renowned for delivering a wide spectrum of corporate banking solutions to multinational corporations, major local enterprises, and financial institutions operating in Indonesia. These comprehensive services encompass cash management, foreign exchange, custody services, and trade finance. Additionally, the bank extends its expertise in investment banking, encompassing fixed income and currencies.

Commenting on this significant development, Alexander von zur Muehlen, CEO of Asia-Pacific, Europe, Middle East & Africa (EMEA), and Germany, as well as a Member of the Management Board at Deutsche Bank, expressed, “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.”

Siantoro Goeyardi, Chief Country Officer for Indonesia at Deutsche Bank, added,  “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 garnered a slew of industry accolades last year, including “Best Corporate Bank” by Asiamoney, “Best FX Market Maker” by Refinitiv, and “Best Islamic Custodian” by The Asset, all of which lauded its comprehensive suite of financial 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.

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SOURCE: Deutsche Bank AG