Free Trial

Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

Deutsche Bank opens in Abu Dhabi

01 February 2010

Deutsche Bank expands its UAE presence with a branch in Abu Dhabi that will initially focus on trade finance and global transaction banking.

Read more: [Deutsche Bank MENA] [Deutsche Bank UAE] [Abu Dhabi trade finance] [Werner Steinmueller]

Deutsche Bank has opened its first branch in Abu Dhabi, capital of the United Arab Emirates (UAE) capital, Abu Dhabi. The branch will be focused on servicing the Bank’s corporate and institutional clients.

Initially global transaction banking focused, the new branch will offer traditional commercial banking services such as international trade finance solutions, and cash management and treasury solutions, including taking non-retail deposits in a number of GCC and international currencies.

The inauguration of the new Abu Dhabi branch was marked by the attendance of HE Sheikha Lubna Al Qasimi, Minister of Foreign Trade; HE Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE; Werner Steinmüller, Deutsche...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010