/Cottonbro Studio from Pexels

Deutsche Bank increases South Korean capital

The bank added EU150m in capital allocation for its Seoul branch.

Deutsche Bank is boosting its capital allocation for its Seoul branch by EU150m, marking a 36.7% increase in investment as it plans to expand business operations and better serve clients in South Korea.

Alexander von zur Muehlen, CEO of Asia Pacific, Europe, Middle East & Africa (EMEA), and Germany, and Member of the Management Board, said they are optimistic about the opportunities in South Korea, driving this increased investment.

ALSO READ: Deutsche Bank allocates $200m in Vietnam branch

The capital infusion was formalised during a meeting in Frankfurt with the governor of the Korean Financial Supervisory Service (FSS), highlighting the robust economic ties between Korea and Germany, coinciding with the celebration of 140 years of diplomatic relations between the two nations this year.

 

Follow the link for more news on

Join Asian Banking & Finance community
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!

Top News

Banks grapple through era of disruption by being the disruptor
Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.
Retail Banking
AMINA onboards clients for crypto financial services
Its initial product offering includes crypto ETPs, dual currency notes, and capital-protected notes.

Exclusives

Banks grapple through era of disruption by being the disruptor
Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.
Retail Banking
What Makes BNI's API Service Stand Out in the Open Banking Era?
Until December 2023, the bank's application programming interface attracted 4,000 customers and generated transactions worth IDR 828 trillion in the past year.