Frankfurt-based Deutsche Bank has doubled its capital in Indonesia, marking the third market in Asia where it has increased investments this year.
Deutsche Bank will double it total capital in Indonesia to 10 trillion rupiah ($644 million), according to a statement. The new capital injection will «support the bank’s growth in the country and allow it to undertake more activity for clients».
The German lender has been present in Indonesia for 54 years. Its local offering covers corporate banking solutions to multinational companies, large local corporates and financial institutions, including cash management, FX, custody and trade finance. It also offers investment banking services, including fixed income and currencies.
APAC Investments
Indonesia marks the third country this year where Deutsche Bank has upped investments. It upped investment in South Korea by over one-third in September and in Vietnam by two-fold in May.
«We continue to invest in Asia Pacific and expand in markets that are becoming increasingly strategic for our clients,» said Alexander von zur Muehlen, CEO of APAC, EMEA and Germany as well as management board member at Deutsche Bank.
