History of Deutsche Bank in Pakistan

1870


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

1889


Foundation of Deutsch-Asiatische Bank in Berlin – as a special institution for the East Asian market – by a German bank syndicate led by Disconto-Gesellschaft and Deutsche Bank.

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.

1972


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

1983

European Asian Bank opened a branch in Lahore.


1986


European Asian Bank became Deutsche Bank (Asia).

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.

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.


2008

Deutsche Bank AG was named Best Bank in Pakistan in The Asset’s Triple A Awards 2008.



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Last Update: July 22, 2011
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