Deutsche Bank's first Social Bond, launched in Italy on July 2nd 2014, reached its target collecting subscriptions for about EUR 20 million. Thanks to this project, the Bank will donate - through Fondazione Deutsche Bank Italia - around 100,000 € to Fondazione Banco Alimentare Onlus. The grant will provide a three-year support to help the foundation collecting food surplus and redistributing it to people in need.
The Social Bond is part of the Corporate Responsibility projects the Group fosters all over the world. In Italy the Bank has been operating since many years in favor of the territory, promoting projects in the field of sustainability.