LBBW and German Centre Singapore Celebrate 30 Years of Supporting German Businesses in Southeast Asia

LBBW and German Centre Singapore Celebrate 30 Years of Supporting German Businesses in Southeast Asia

(IN BRIEF) LBBW and its subsidiary, German Centre Singapore, are celebrating 30 years of helping German companies expand into Southeast Asia. LBBW’s Singapore branch, established in 1995, serves as the bank’s largest location in Asia and a regional hub managing operations across the Asia/Pacific region. LBBW continues to strengthen its market position by expanding its services to meet the needs of growing markets in Southeast Asia. The German Centre has supported over 600 German companies over the years, providing office space and essential services to businesses looking to tap into Southeast Asia’s potential.

(PRESS RELEASE) STUTTGART, 5-Jun-2025 — /EuropaWire/ — LBBW and German Centre Singapore are both celebrating three decades of successful operations, reflecting their long-standing commitment to supporting German companies in Southeast Asia. LBBW’s Singapore branch, established as the bank’s largest location in Asia, has grown to become a key regional hub, overseeing operations in the Asia/Pacific region. With a continued focus on Southeast Asia, LBBW is set to expand its presence and cater to the evolving needs of its customers.

Southeast Asia plays a critical role as a key growth engine in the global economy and remains a vital market for German businesses. LBBW has maintained a presence in Singapore for 30 years, gradually enhancing its range of services to meet the needs of its customers in the region. The bank is committed to growing its business in Southeast Asia, underscoring the significance of its Singapore branch as a hub for the company’s expanding operations.

Rainer Neske, Chairman of the Board of Managing Directors at LBBW, remarked, “More and more German companies are looking to expand their international presence, and Southeast Asia is an increasingly important market for them. Our regional hub in Singapore, alongside the German Centre, has allowed us to establish a strong position in this market. We aim to continue building on this foundation, broadening our services in both corporate customers and capital markets.”

Dr. Danyal Bayaz, Finance Minister for Baden-Württemberg and Deputy Chairman of LBBW’s Supervisory Board, emphasized the bank’s role in facilitating internationalization: “LBBW’s expertise and regional presence are essential for companies in Baden-Württemberg and beyond to access the growing markets of Asia. The bank has been instrumental in fostering connections between German businesses and Southeast Asia’s attractive markets.”

The LBBW Singapore branch, opened in 1995, now employs about 85 people and functions as the bank’s principal location in Asia. Serving as the gateway for many customers entering the Asian market, the branch also acts as the central point of contact for local companies and institutions. “We’ve established ourselves as an essential partner for both German and regional companies in Asia, assisting with activities such as capex loans and structured financing solutions for renewable energy projects,” said Jens Rübbert, Regional Head for Asia/Pacific at LBBW.

LBBW is particularly strong in supporting renewable energy projects across Southeast Asia, with expertise in sectors like wind power and capital markets. The bank’s Financial Markets Hub and M&A unit are also key components of its strategy to grow capital market activities in Asia, connecting European businesses with Asian investors and corporate entities.

Alongside the bank’s growth, the German Centre Singapore has been a cornerstone for German businesses operating in the region. Established in 1995 as a collaborative effort to assist small and medium-sized enterprises, the German Centre continues to provide invaluable services to over 150 companies. It offers flexible office spaces and various services designed to help businesses navigate Southeast Asia’s dynamic market landscape. Michael Maurer, Division Head of Global Trade and Export Finance at LBBW, said, “The German Centre has become a trusted partner and a vital resource for German companies seeking to expand in Asia.”

About LBBW
LBBW is a mittelstand-minded universal bank and a central institution for the savings banks in  Baden-Württemberg, Saxony and Rhineland-Palatinate. With total assets of EUR 356 billion, LBBW is one of the largest banks in Germany. Its core activities include business with corporate customers, especially SMEs, and business with private customers and savings banks. It also focuses on real estate and project finance in selected markets and customer-oriented capital markets business with banks, savings banks and institutional investors. LBBW has also been assisting companies with their activities outside Germany for decades. To this end, it is represented at 16 locations in 15 countries around the world.

Media Contact:

Alexander Braun
Press officer
Phone: +49 (0) 711 127-76400
E-mail: alexander.braun@LBBW.de
Website: https://www.LBBW.de/en

SOURCE: LBBW