Deutsche Bank increases South Korean capital

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

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.

Deutsche Bank

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Banking & Finance account? Login

Can't log in?

Return to login

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