Situation in Eastern Europe: Deutsche Bank launches information portal for corporate clients
Deutsche Bank has set up a portal for its corporate clients that provides information on the economic consequences of the Russian attack on Ukraine. The website offers answers to the many questions that are now being asked, especially by companies with global operations.
"The past few days have turned our view of the world and our sense of global security upside down," says Stefan Hoops, Head of Corporate Banking at Deutsche Bank. “Russia's attack on Ukraine also has serious economic consequences and impact on our customers. This is why we want to support companies right now – with competent advice and practical information.”
The website deals with questions such as what impact sanctions have on business decisions, or what is changing in international payment transactions as a result of the measures taken by the Western alliance. The website is being continuously updated with new information.
Businesses are advised to contact their relationship managers at Deutsche Bank for further assistance.
Deutsche Bank statement from 24 February, 2022:
“We are deeply concerned about the attack on a sovereign European country and that the borders in Europe are being questioned. First and foremost, our thoughts are with the people in Ukraine, with our colleagues and clients.
Of course, we will continue to abide by political decisions and sanctions. We have prepared for different scenarios and have contingency plans in place. We have reduced our exposure to Russia significantly over recent years and the risks are well contained.”