Themen:
Media Release
August 10, 2026
Deutsche Bank appointed as RMB Clearing Bank for Europe
First European bank to receive the designation, strengthening China-Europe financial connectivity
Deutsche Bank today announced that it has been appointed by the People’s Bank of China to serve as a Renminbi (RMB) clearing bank for Europe in Frankfurt. Deutsche Bank will facilitate direct end-to-end processing, clearing and settlement services for cross-border RMB transactions for European financial institutions and businesses, acting as a local bridge to China’s payment systems. Deutsche Bank is the first foreign bank to receive this designation.
The appointment reinforces Deutsche Bank’s role as a key connector between China and European financial markets, building upon Frankfurt’s position as a global financial hub. It will further strengthen RMB clearing infrastructure across Europe, supporting more efficient RMB flows and facilitating access to reliable offshore RMB liquidity for financial institutions and corporates.
This official designation serves as a key enabler for Deutsche Bank to deliver highly optimized, direct RMB solutions across payments, liquidity management, trade finance, and investment—ultimately offering clients greater transactional speed, reduced counterparty risk, and seamless support for their global business activities.
Alexander von zur Muehlen, CEO of Asia Pacific, Europe, Middle East & Africa (MEA) and Germany at Deutsche Bank, said: “Securing RMB clearing capability in Europe reinforces our role as a trusted global clearing partner and our long-standing support for RMB internationalization. It strengthens China-Europe financial connectivity and enhances our ability to support clients’ cross-border trade and investment flows with greater choice and flexibility.”
As a Global Systemically Important Bank and the world’s largest Euro clearing bank, Deutsche Bank connects clients across markets through its Global Hausbank strategy. With a strong presence in China and deep roots in Europe, the Bank supports German and European multinational companies as well as Chinese companies expanding globally, providing comprehensive financial solutions across trade, investment and financing activities.
Leo Yin, President of Deutsche Bank (China) Co., Ltd., added: “Leveraging our deep client base, extensive expertise and integrated capabilities across key offshore RMB centers, including Frankfurt, London, Singapore and Hong Kong, together with our proven operational experience and continuously enhanced technology platforms, we are well positioned to provide efficient and comprehensive RMB solutions for corporate and financial institutions. By connecting onshore and offshore RMB ecosystems and expanding RMB use cases across Europe and key trade corridors, we aim to help clients capture new opportunities arising from the evolving RMB landscape.”
Deutsche Bank has been deeply engaged in the development of the RMB internationalization and was among the first international banks to participate directly in the Cross-border Interbank Payment System (CIPS) in 2015.
Leveraging its integrated RMB capabilities across China and key offshore RMB centers, as well as its extensive correspondent banking network serving thousands of financial institutions globally, Deutsche Bank is a key partner bridging China and Europe across trade and investment.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
Forward-looking statements
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. 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 revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, 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 the most recent SEC Form 20-F under the heading “Risk Factors”. Copies of this document are readily available upon request or on the investor website.
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