Frankfurt / Beijing, May 19, 2006

Deutsche Bank completes purchase of 9.9% stake in Hua Xia Bank


Deutsche Bank today announced that it has completed the purchase of a total of 416,000,000 shares or 9.9% of the issued capital of Hua Xia Bank in China. This follows the announcement in October 2005 of an agreement to buy the shares pending regulatory approvals, which were granted in recent months. Deutsche Bank AG purchased 295,000,000 shares (7.02%) and Deutsche Bank Luxembourg S.A. 121,000,000 shares (2.88%) in Hua Xia Bank, which is listed on the Shanghai Stock Exchange.

Rainer Neske, Deutsche Bank's Global Head of Private and Business Clients and a Member of the Group Executive Committee said, "For us the strategic partnership with Hua Xia Bank is a meaningful and important step. We are already underway with detailed discussions on areas of commercial cooperation."

Deutsche Bank and Hua Xia Bank have signed a wide ranging cooperation agreement which includes Deutsche Bank exclusively developing credit cards, as well as partnering in affluent customer business, the distribution of investment products, and cash management services. Deutsche Bank will also provide comprehensive technical support and assistance to Hua Xia Bank to further strengthen its existing franchise in risk management, retail and corporate banking. Deutsche Bank has also been granted one seat on Hua Xia Bank's board.

Colin Grassie, Chief Executive Officer of Deutsche Bank Asia Pacific, added:" This acquisition enables Deutsche Bank to participate directly in the development of the rapidly expanding retail financial services sector in China."


For further information, please contact Deutsche Bank Communications:

Andreas Bartels, Frankfurt   
+4969 910 42648  
db.presse@db.com

Michael West, Hong Kong  
+852 2203 8403   
michael.west@db.com
   

About Deutsche Bank:

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

http://www.db.com/


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 intentions, 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 described in detail in our SEC Form 20-F of 23 March 2006 on pages 7 through 13 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.




Twitter
Social Media



Deutsche Bank provides current information via several social media platforms. Follow our Tweets, view current videos and photos or subscribe to our news updates using your preferred channel. more

RSS & Podcast


Receive current Deutsche Bank press releases automatically with our RSS news feeds and podcasts. more

Footer Navigation:
Last Update: 2.9.2013
Copyright © 2014 Deutsche Bank AG, Frankfurt am Main