History of Deutsche Bank in Hungary

1870

Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets.


1906

Cooperation of Deutsche Bank and Pesti Magyar Kereskedelmi Bank (Pest Hungarian Commercial Bank)


1908

Deutsche Bank acted as lead manager for a bond of Ungarische Localeisenbahnen AG


1915

Deutsche Bank participated in the foundation of Ungarische Erdgas AG (Hungarian Natural Gas Stock Company)


1940

Deutsche Bank acquired a stake in Pest Hungarian Commercial Bank.


1987

Deutsche Bank arranged a one billion D-Mark loan to the National Bank of Hungary.


1990

Opening of a representative office in Budapest.


1996

Deutsche Bank set up a Hungarian subsidiary Deutsche Bank Rt.


1999

Deutsche Bank launched Domestic Custody Services (DCS) in Hungary.


since 2000

Deutsche Bank Hungary’s Capital Market Sales team has acted as a primary dealer of Hungarian Government Securities.



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Last update: June 4, 2010
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