Deutsche Bank Heads to Bangladesh With Launch of Representative Office

Deutsche Bank has confirmed the opening of its first representative office in Dhaka, the capital of Bangladesh.

Offering commercial and investment banking, retail banking, transaction banking, wealth and wealth management products, the bank will leverage its new position in Asia Pacific (APAC) to serve multinational clients who are primarily exporters to Bangladesh. Focus on support.

In response to what has been described as “strong customer demand for trade finance support”, the bank will soon begin operations in Bangladesh.

appointed by the bank side Naushad ZamanFormer Deputy Director Commerzbank Our Bangladesh representative office oversees our business operations in the country.

With this new market entry, our regional footprint in Asia Pacific will soon span 15 diverse markets

Bangladesh is a prime example of the significant opportunities we see for our platform in the region, he said. Alexander von Zur Mllenthe bank’s APAC CEO and member of the Executive Committee.

We will enter this rapidly growing economy and support increased participation in regional and global trade.

“Bangladesh is becoming an increasingly strategic market for both global multinationals and German corporate clients,” he added. Atul JainGlobal Co-Head of Trade Finance and Lending.

This representative office reflects our firm commitment to supporting our clients evolving risk management and funding needs in this dynamic and growing market.

Germany is Bangladesh’s largest trading partner in Europe and the second largest in the world, according to the Bangladesh Embassy.

German exports to Bangladesh have tripled in the last 25 years. In 2021, German exports to Bangladesh rose 45% to a record $877 million. Almost $400 million, just under half of that was machinery.