Deutsche Bank doubles its Indonesia capital to $644m

This is the third time it raised its capital in an APAC market this year.

Deutsche Bank has doubled its local capital in its Indonesia business to IDR10t (€600m or approximately US$644m).

The additional investment will support the bank’s growth in the country and allow it to undertake more activity for clients, Deutsche Bank said in a press release.

This marks the third time in 2023 that the German bank raised its capital in Asia Pacific, following previous investments in Vietnam and in South Korea.

Deutsche Bank has been operating in Indonesia for 54 years, where it provides a range of corporate banking solutions to multinational companies, large local corporates and financial institutions in Indonesia.

Services offered include cash management, FX, custody and trade finance. It also offers investment banking services.

Also Read

Bank of America’s CashPro app set to hit $1t in payment approvals

Citi unveils real-time 24/7 liquidity mgmt solution in Thailand

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit