IR Releases - Archive

Mumbai, October 18, 2005

Deutsche Bank launches retail banking operations in India


Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced the launch of comprehensive retail banking in India. Starting with Mumbai today, Deutsche Bank will open retail banking operations in eight branches in the cities of Mumbai, Delhi, Kolkatta, Chennai, Bangalore, Gurgaon and Noida, over the coming weeks.

Deutsche Bank will commence its Indian retail operations with more than 400 trained staff. Launching with a comprehensive product and service offering - from current and savings accounts to investment products and loans - Deutsche Bank will also introduce a wide-ranging advisory service to meet the investment and financial planning needs of demanding customers.

The Bank offers a conveniently located ATM-network. Transactions will be free of charge to customers through 5,500 shared ATMs across the country. In parallel, Deutsche Bank will launch state-of-the-art online and tele-banking services.

Announcing the launch, Rainer Neske, a Member of the Group Executive Committee of Deutsche Bank, said, “As the leading retail banking provider in Germany and parts of Europe, we have keenly followed the developments in India - one of the most exciting growth markets in the world. The number of affluent Indian consumers is increasing, the market for consumer goods is expanding and private customers’ demand for excellent advisory services and high quality banking products continues to rise. This is an exciting market that Deutsche Bank seeks to serve by providing advanced value, innovation and convenience to Indian customers.”



This Release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations. Any statement in this Release that states our inten-tions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. 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 trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our management agenda; 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 de-scribed in detail in our SEC Form 20-F of 24 March 2005 in the section "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.




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