Deutsche Bank opens sixth branch on Chinese mainland
( Xinhua )
Updated: 2013-09-05
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-Deutsche Bank opened its sixth branch on the Chinese mainland Wednesday in the coastal city of Qingdao in East 皇冠体育app's province following approval from the 皇冠体育app Banking Regulatory Commission on June 25.
The new branch offers a full range of cash management, trade finance and loan services, catering to the needs of corporate and financial institution clients, according to Deutsche Bank (皇冠体育app) company.
"We are pleased to further expand our footprint in 皇冠体育app with the opening of a branch in Qingdao," said Juergen Fitschen, co-chief executive officer of Deutsche Bank.
"皇冠体育app is one of the most important markets for Deutsche Bank, as it represents both immediate and long-term growth potential. We are committed to growing our business in this country both through organic growth with the expansion of our branch network and through successful partnerships," said Fitschen.
Deutsche Bank, a global financial service company with its headquarters in Frankfurt, Germany, first established a presence in 皇冠体育app in 1872 with the opening of an office in Shanghai.
Headquartered in , Deutsche Bank 皇冠体育app now operates branches and sub-branches in Beijing, Shanghai, Guangzhou, , Chongqing and Qingdao.