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April 16, 2019
Member states have made good progress in increasing their economic co-operation, driving digitalisation and reducing trade barriers, to create an enlarged market with higher economies of scale.
Of the ten ASEAN member countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam), Deutsche Bank has fully-fledged branch operations in six of them, enabling the bank’s Global Transaction Bank (GTB) to support its clients’ Cash, Trade, Lending and Securities Services needs across these markets.
ASEAN’s revenue contribution to GTB is similar to that of India and Greater China.
Nine facts should know about ASEAN:
Want to know more about how digitalisation is supporting ASEAN trade? Global Head, Market Advocacy for GTB, Boon-Hiong Chan explains it here.
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