History of Deutsche Bank Group in MENA

1870

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


1899

Deutsche Bank received the "preliminary concession" for the Baghdad Railway, which obliged it to build a railway from Konia to Baghdad and on to Basra.


1914

Deutsche Bank opened a sub-branch in Baghdad, which had to be closed three years later because of World War I.


1959

Opening of Deutsche Bank Representative Office in Cairo


1961

Deutsche Bank first established in Pakistan on 22 July 1961, with the name Deutsch Asiatische Bank, which was later renamed as Deutsche Bank AG on 5 April 1988.


1962


Deutsch-Asiatische Bank opened its first branch for Pakistan in Karachi.


1967

Opening of Deutsche Bank Representative Office in Beirut to serve the countries of the Middle East. In 1981 the office was closed due to the civil war.


1972


Deutsch-Asiatische Bank and its branch in Karachi were integrated into the newly founded European Asian Bank.


1976

Bankers Trust, which was acquired by Deutsche Bank in 1999, opened a Representative Office in Manama, Bahrain


1983

Opening of Deutsche Bank Representative Office in Manama, Bahrain


1988


Deutsche Bank (Asia) was merged into Deutsche Bank AG. The branches in Karachi and Lahore began to operate under the name of Deutsche Bank AG.


1996


Deutsche Bank opened its third branch for Pakistan in Islamabad.


1999

Opening of Deutsche Bank Representative Office in Abu Dhabi


2001

Opening of Deutsche Bank Representative Office in Dubai


2004

Deutsche Bank executed the first sovereign bond issue of the Islamic Republic of Pakistan since 1999.


2005

Deutsche Bank acted as joint bookrunner for a US$ 800 m. due tranche sovereign bond offering, the largest-ever funding by the Republic.

Opening of Deutsche Bank Dubai Branch in the Dubai International Financial Centre (DIFC)


2006

Opening of Deutsche Bank Riyadh Branch


2007

Opening of Deutsche Bank Doha Branch

Saudi Arabia: Deutsche Securities Saudi Arabia LLC incorporated


2008

Deutsche Bank established Deutsche Securities and Services (DSS) an on-shore branch in Dubai to render custody services


2010

Opening of Deutsche Bank Abu Dhabi Branch


2011

target=_self>Deutsche Bank celebrates 50 years in Pakistan


2013

Deutsche Bank’s Middle East Foundation celebrates its 5th anniversary



Footer Navigation:
Last Update: March 19, 2014
Copyright © 2014 Deutsche Bank AG, Frankfurt am Main