Global Transaction Banking (GTB) business of Deutsche Bank Russia experiences growing achievements year by year across the whole spectrum of GTB products – Trust & Securities Services, Cash Management and Trade Finance – and becoming one of the leading and successful businesses in the Russian franchise in 2012.
Deutsche Bank Russia is named Best Cash Manager in Russia in 2012 Euromoney Cash Management Survey for Corporates and Financial Institutions. This year’s Euromoney survey attracted more than 20,000 valid entries (17,000 Corporates, 3,000 Financial Institutions) marking a 33% increase over last year. The survey shows a ranking of the Corporate and Financial Institutions choice of providers on both a global and regional level. In addition the survey shows rankings for quality of products and service delivery, based on corporate feedback.
Holding assets in the amount of EUR47.9bn under Custody the Direct Securities Services business within Deutsche Bank Russia Trust & Securities Services was top-rated in 2012 by leading clients according to Global Custodian magazine.
Also in 2012 was announced that Deutsche Bank’s Global Depositary Receipt Program for Nomos Bank was selected by EMEA Finance Magazine for Best Depositary Receipt Program in EMEA in 2011.
In addition, second year running Deutsche Bank becomes No.2 Best International Trade Bank in Russia by Euromoney Trade Finance Survey 2012. Deutsche Bank showed a strong leading track record in volatile markets over recent years arranging pre-export financing for Russian corporate and financial institutions for the amount of USD21.3bn since 2008.
In 2012 Deutsche Bank has executed an innovative financing solution for Vnesheconombank – the first ever ECA covered ruble export finance loan. Deutsche Bank acted as sole lender, arranger and facility agent for Vnesheconombank’s ECA Covered Financing and Commercial Financing for RUB815mn & EUR70mn, and acted as coordinated mandated lead arranger, bookrunner and agent in Stream Coal Pre-Export Finance Facility for SUEK in the amount of USD600mn.
Joerg Bongartz, Chairman of the Board, Head of Global Transaction Banking Russia said: “We would like to express our deep appreciation to our clients who voted for Deutsche Bank for their high evaluation of the bank’s efforts. We strive to continue delivering the best service in class and satisfy our clients in all their business needs and demands”.