Deutsche Bank has expanded its lending to small and
medium-sized clients by 11 per cent |
Autor: Bancherul.ro
2008-11-24 15:49 |
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Deutsche Bank gained roughly 30,000 new midcap clients this
year / New hires in Germany to enhance midcap advisory
services / Deutsche Bank: a strong partner even in turbulent
times
FRANKFURT AM MAIN, November 24, 2008 - Deutsche Bank has
strongly expanded its lending to small and medium-sized
clients ("Mittelstand") despite the difficult situation
on the financial markets. During the last 12 months, the
loan volume in this segment rose by more than 11 per cent
from ¤ 36 billion to ¤ 40 billion.
Moreover, Deutsche Bank has gained roughly 30,000 new small
and medium-sized clients. Over the last 12 months, the
number of clients in this segment rose from 900,000 to some
930,000. The bank is therefore continuing its successful
growth strategy and is well on track to reach its target of
having one million clients by the end of 2010. Every fourth
midcap company in Germany, from freelancers and family
companies to stock corporations, is already a customer of
Deutsche Bank.
Jürgen Fitschen, Member of the Group Executive Committee
and Chairman of the Management Committee Germany explains
this growth as follows: "Small and medium-sized companies
trust Deutsche Bank. We are a strong and reliable partner,
even in turbulent times. From financing through cash, risk
and liquidity management to M&A advisory, our customers
receive tailor-made solutions. We provide one-stop advice on
both business and private financial issues. We are also
present in the world's growth markets and accompany small
and medium-sized companies all the way to globalization."
To increase support for these clients, Deutsche Bank will
hire 120 new midcap advisors in Germany by the end of next
year. The bank currently employs 3,400 advisors for small
and medium-sized companies at 850 locations across Germany.
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