Deutsche Bank is launching trade finance and corporate cash management services out of its branch in the Saudi capital Riyadh.
They are focused on servicing the bank’s corporate and institutional clients, and include traditional and new commercial banking services such as international trade finance solutions and cash management, supporting customers at every stage of their business cycles.
The bank is committed to off ering “the best class of financial services and products” and it has a dedicated hotline number for its corporate banking customers.
Werner Steinmüller, Deutsche Bank’s head of Global Transaction Banking (GTB) and member of the group executive committee, said, “The expansion of our suite of services in the Kingdom is a testament to our unwavering commitment to the region, and is part of a strategic vision that has long recognised the Middle East, and Saudi Arabia in particular, as an important part of the global economy and financial sector.
“The offering of cash management and trade finance banking services in Saudi Arabia is a significant milestone for Deutsche Bank and our GTB franchise in the region. We are proud of the contribution we have made in the country to date, and we look forward to further assisting our clients with their financial needs.”
Ashok Aram, Deutsche Bank’s CEO for the Middle East North Africa region, said, “Saudi Arabia is a key strategic and growth market for our regional and global franchise, and we will continue to invest in it and to deliver the products that our clients require to grow their business.”