Deutsche Bank has expanded its lending to small and medium-sized clients by 11 per cent
Deutsche Bank gained roughly 30,000 new midcap clients this year / New hires in Germany to enhance midcap advisory services / Deutsche Bank: a strong partner even in turbulent timesDeutsche Bank has strongly expanded its lending to small and medium-sized clients (“Mittelstand”) despite the difficult situation on the financial markets. During the last 12 months, the loan volume in this segment rose by more than 11 per cent from € 36 billion to € 40 billion.
Moreover, Deutsche Bank has gained roughly 30,000 new small and medium-sized clients. Over the last 12 months, the number of clients in this segment rose from 900,000 to some 930,000. The bank is therefore continuing its successful growth strategy and is well on track to reach its target of having one million clients by the end of 2010. Every fourth midcap company in Germany, from freelancers and family companies to stock corporations, is already a customer of Deutsche Bank.
Jürgen Fitschen, Member of the Group Executive Committee and Chairman of the Management Committee Germany explains this growth as follows: “Small and medium-sized companies trust Deutsche Bank. We are a strong and reliable partner, even in turbulent times. From financing through cash, risk and liquidity management to M&A advisory, our customers receive tailor-made solutions. We provide one-stop advice on both business and private financial issues. We are also present in the world’s growth markets and accompany small and medium-sized companies all the way to globalization.”
To increase support for these clients, Deutsche Bank will hire 120 new midcap advisors in Germany by the end of next year. The bank currently employs 3,400 advisors for small and medium-sized companies at 850 locations across Germany.
Further information can be obtained from:
Deutsche Bank Press Department
Frank Hartmann: +49 (0)69/ 910 84752
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 81,308 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank’s goal is to be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.