Deutsche Bank Opens Chongqing Branch
Deutsche Bank (China) has opened a branch in Chongqing following the approval from China Banking Regulatory Commission (CBRC) on 14 April 2011. The Chongqing branch is the bank’s fifth in China, complementing the its branches in Beijing, Shanghai, Guangzhou and Tianjin.
The new branch offers a full range of transaction banking, treasury products and services, catering to the needs of the sophisticated corporates and financial institutions. Key products include working capital management solutions, cash management, foreign exchange (FX) and interest rate hedging, supplier finance, structured trade and export finance.
Werner Steinmueller, Deutsche Bank’s head of global transaction banking (GTB), said: “The opening of this new branch is an important step in Deutsche Bank’s strategy in China, where we will bring the bank’s world-class transaction banking products and services to western China, one of the fast growing markets in the region. Our presence will also support our corporate and institutional clients’ ambition to grow further within China and beyond.”