Deutsche Bank's Private & Business Clients (PBC) division represents the Bank in the retail and business banking markets.

PBC serves private individuals and affluent clients, as well as, small and medium-sized business clients and companies. PBC provides a full range of traditional banking products, including current accounts, deposits and loans, investment products and consumer credit products, as well as real estate and small business financing.

We are the number one bank in Germany, in terms of revenues, and the number one choice amongst private institutions and affluent private clients in the region. We serve 13.8 million clients through an established branch network in the Bank's key markets of Germany, Italy and Spain, as well as Poland, Belgium and Portugal. We are also increasing our presence in the high growth regions of Central and Eastern Europe and Asia. In 2005, PBC expanded into Asia, opening our first branches in India and entering into a strategic co-operation and credit card joint venture with Hua Xia Bank in China. In March 2007, we opened our first branches in China, and, in September 2007, we entered into a strategic partnership with Hanoi Building Commercial Joint Stock Bank ("Habubank") in Vietnam. In Poland, since 2004, we have doubled our branch network to 63, and in February 2007, we successfully started our Consumer Finance business, operating under the db kredyt brand. Additionally, by the end of 2007, we had tripled our branch network in Portugal.