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Deutsche Bank ups capital in Lanka to expand business

Deutsche Bank will increase its capital in its Colombo branch by Rs. 1.89 billion (EURO 15.54 million). "The increase in capital is a continuing sign of our strong commitment to further the development of our business in Sri Lanka," said Stefan Mahrdt, Deutsche Bank's Chief Country Officer in Sri Lanka.

The capital increase will be used to further develop Deutsche Bank's general business in Sri Lanka, where the Bank has a successful Corporate and Investment Banking and Transaction Banking franchise.

With Euro 901 billion in assets and 64,500 employees, Deutsche Bank offers unparalleled financial services in 74 countries. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

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