Philippines
Deutsche Bank first established a presence in the Philippines in 1975 when the European Asian Bank, of which it was a shareholder, opened a representative office. In 1995, the Bank obtained its full commercial banking license when the entry of foreign banks was liberalised.
Over the years Deutsche Bank's presence in the Philippines has evolved substantially. Deutsche Bank has grown and acquired significant capital market and investment banking expertise and invested in technology to become one of the leading transaction banks in the region. It has also invested heavily in the Philippines through the establishment of a fully owned subsidiary - Deutsche Knowledge Services (DKS) - which acts as a finance hub for the Bank.
While Deutsche Bank still works with its European and US clients around the globe, it is now also focused on bringing its expertise to local markets and helping companies grow - both locally and globally.
In Manila, Deutsche Bank Group now employs over 1,000 people and has established a leading presence across every business area in which it competes. The Bank offers local markets advice and execution across debt and equity financing; interest rate, credit, equity, foreign exchange and derivative trading; advice on mergers and acquisitions, as well as transaction banking products and services for cash management, domestic custody and trade finance.
In offshore debt markets, the Bank is the number one arranger of Philippine debt and has participated in multiple sovereign transactions for the Republic of Philippines in the last three years. This work culminated in Deutsche Bank being awarded Best Debt House in the Philippines in the 2006 & 2007 Euromoney Awards for Excellence. Deutsche Bank is also working closely with the government to further develop the local bond market and, in late 2006, was named by the Bureau of Treasury as the top Eligible Government Securities Dealer for the primary market.
Deutsche Bank's equities business, Deutsche Regis - a joint venture formed with leading local equities research managers - has also enjoyed significant success. Founded in 1999, Deutsche Regis has been the country's number one equity broker for the past three years. Deutsche Regis had also received numerous accolades, including Best Broker in the Philippines by Finance Asia, and top broker awards from Asiamoney and Euromoney. The Bank has also executed significant public equity capital market transactions involving companies such as Ayala Corporation, Bank of the Philippine Islands and GMA Network over the last few years.
Deutsche Bank is among the top three foreign banks managing fiduciary assets in the country, and is a designated clearing bank to a number of top brokers. In cash management and trade services, Deutsche Bank partners with many of the leading organizations in the Philippines - tailoring international technology to the local market place. For 2006, Deutsche Bank was named No. 1 Cash Management Bank in the Philippines for small and large corporations by Asia Money, and voted Best Trade Bank in the Philippines by Trade Finance Magazine.
Deutsche Bank is active in a number of niche areas. In particular, the Bank has been an active participant in the resolution of non-performing assets of the Philippine banking sector.
The Bank is also proud to be actively involved in a number of local philanthropic activities through its Deutsche Bank Asia Foundation. In the Philippines, Deutsche Bank has been focused on charitable projects which aim to reduce the impact of urban poverty and promote education to underprivileged young children, among other initiatives, by financing the construction of classroom buildings within and outside of Metro Manila. The community programme forms a vital part of Deutsche Bank's overall commitment to the Philippines as the Bank continues to replicate its global franchise - helping to support and further develop the local financial system and economy.



