Deutsche Bank receives two awards for its business in Africa
In recognition of its key role in supporting the African economy, Deutsche Bank has been named as “Best Foreign Investment Bank in Africa” and “Best Foreign Investment Bank in Angola” by EMEA Finance African Banking Awards 2019.
Commenting on the awards, Jamal Al Kishi, Chief Executive Officer Middle East and Africa, said: “We are pleased to receive these two awards from EMEA Finance. Our commitment to the continent started 60 years ago in Egypt. It has been a rewarding journey for Deutsche Bank. Along the way, our focus has always been on contributing to the buildout of infrastructure and development of the economy across the continent.”
Projected to double by 2050 accorindg to the United Nations latest research, Africa’s population is among the youngest and fastest-growing in the world, and the continent is seeing increased prosperity and improving political stability – all of which represent a huge amount of business potential, in particular for funding critical infrastructure development projects, the funding gap for which the African Development Bank (AfDB) estimates at 90 billion US dollars.
As an increasing number of Sub-Saharan African countries undertake IMF and World Bank-sponsored structural reform programmes, governments have started to approach international lenders such as Deutsche Bank to provide financing for key infrastructure projects. Furthermore, the AfDB also estimates a trade finance gap of 120 billion US dollars in Africa – a third of the continent’s trade finance market. Deutsche Bank is well positioned to support increasing trade requirements to and from Africa. As a major international correspondent bank, Deutsche Bank has longstanding relationships with financial institutions throughout the continent helping facilitate trade business as well as payment flows.
The Bank’s debt capital markets business also has a strong position in Africa. According to Dealogic league table, over the past decade, Deutsche Bank has ranked first in all Sub-Saharan Africa sovereign, supranational and agency bonds, which – alongside its export credit business and specialist financing capabilities – really sets the Bank apart from the rest.
Deutsche Bank’s business presence in Africa goes back to 1959, when it opened a representative office in Cairo, followed by Lagos and Johannesburg in 1978 and 1979, respectively. Since then the bank has been committed to financing the development of infrastructure across the African continent. This longstanding presence has enabled the bank to develop a deep understanding of its clients and the markets where it operates.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
Disclaimers and disclosures
Deutsche Bank AG, Dubai (DIFC) Branch is a branch of Deutsche Bank AG located and registered in the Dubai International Financial Centre (DIFC) in the Emirate of Dubai, United Arab Emirates, with registered no. 00062. Principal place of business in the DIFC: Dubai International Financial Centre, Gate Village, Building 5, PO Box 504902, Dubai, United Arab Emirates. Deutsche Bank AG, Dubai (DIFC) Branch is regulated by the Dubai Financial Services Authority (“DFSA”) and is authorized to provide Financial Services to Professional Clients only, as defined by the DFSA.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 22 March 2019 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
Home
In recognition of its key role in supporting the African economy, Deutsche Bank has been named as “Best Foreign Investment Bank in Africa” and “Best Foreign Investment Bank in Angola” by EMEA Finance African Banking Awards 2019.
Commenting on the awards, Jamal Al Kishi, Chief Executive Officer Middle East and Africa, said: “We are pleased to receive these two awards from EMEA Finance. Our commitment to the continent started 60 years ago in Egypt. It has been a rewarding journey for Deutsche Bank. Along the way, our focus has always been on contributing to the buildout of infrastructure and development of the economy across the continent.”
Projected to double by 2050 accorindg to the United Nations latest research, Africa’s population is among the youngest and fastest-growing in the world, and the continent is seeing increased prosperity and improving political stability – all of which represent a huge amount of business potential, in particular for funding critical infrastructure development projects, the funding gap for which the African Development Bank (AfDB) estimates at 90 billion US dollars.
As an increasing number of Sub-Saharan African countries undertake IMF and World Bank-sponsored structural reform programmes, governments have started to approach international lenders such as Deutsche Bank to provide financing for key infrastructure projects.
Furthermore, the AfDB also estimates a trade finance gap of 120 billion US dollars in Africa – a third of the continent’s trade finance market. Deutsche Bank is well positioned to support increasing trade requirements to and from Africa. As a major international correspondent bank, Deutsche Bank has longstanding relationships with financial institutions throughout the continent helping facilitate trade business as well as payment flows.
The Bank’s debt capital markets business also has a strong position in Africa. According to Dealogic league table, over the past decade, Deutsche Bank has ranked first in all Sub-Saharan Africa sovereign, supranational and agency bonds, which – alongside its export credit business and specialist financing capabilities – really sets the Bank apart from the rest.
For further information, please contact:
Deutsche Bank AG
Media Relations
Mohanad Nahas
Phone: +971 (0) 4 3611 754
E-Mail: Mohanad.nahas@db.com
About Deutsche Bank in Africa
Deutsche Bank’s business presence in Africa goes back to 1959, when it opened a representative office in Cairo, followed by Lagos and Johannesburg in 1978 and 1979, respectively. Since then the bank has been committed to financing the development of infrastructure across the African continent. This longstanding presence has enabled the bank to develop a deep understanding of its clients and the markets where it operates.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
Disclaimers and disclosures
Deutsche Bank AG, Dubai (DIFC) Branch is a branch of Deutsche Bank AG located and registered in the Dubai International Financial Centre (DIFC) in the Emirate of Dubai, United Arab Emirates, with registered no. 00062. Principal place of business in the DIFC: Dubai International Financial Centre, Gate Village, Building 5, PO Box 504902, Dubai, United Arab Emirates. Deutsche Bank AG, Dubai (DIFC) Branch is regulated by the Dubai Financial Services Authority (“DFSA”) and is authorized to provide Financial Services to Professional Clients only, as defined by the DFSA.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 22 March 2019 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.