Deutsche to keep Asian business intact

Deutsche Bank 230px
By Shruti Chaturvedi
29 Jan 2016

Deutsche Bank said on Thursday that it will leave its Asia Pacific business intact, highlighting the region’s strategic importance to German companies and the bank’s solid presence in the region. This, it said, gives it an edge over European and American competitors.

Revenues from Deutsche Bank’s Asian operations jumped 14% year-on-year to more than €4bn in 2015, even as its overall earnings grew only 5% last year and it posted a net loss of €6.8bn.

Deutsche Bank’s focus on Asia comes at a time when fellow European lenders, such as ...

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