Internationalization of Deutsche Bank
Table of Content
Introduction 1
1. The Beginning of Deutsche Bank 1
2. Reconstruction Due to First And Second World War 4
3. Internationalization 4
4. Becoming a Global Player 5
5. Conclusion .6
Introduction
Deutsche Bank, an international universal bank, was internationally active a short time after its foundation. The bank’s early decades were a period of rapid expansion. With its growth Deutsche Bank seemed to be unstoppable. But with the beginning of the First and Second World War the vision to offer a financial services throughout the world was destroyed. Fortunately, the year of 1957 has the status of a second birthday of Deutsche Bank. From this day on, after its reconstruction, the bank becomes active in retail banking by introducing small loans. After reentering the international banking market between the 1970s mid 1980s Deutsche Bank followed a new global strategy to set up its branch network world wideby the end of the 1980s: The expansion of the retailmarket and the presence of investment banking. Due to its continous growth Deutsche Bank has become a leading global investment bank. With 80,849 employees and a presence in over 70countries, it offers financial services throughout the world.[1]
1. The Beginning Of Deutsche Bank
The Early Years
As Deutsche Bank was founded in 1870 as a specialist bank for foreign trade in Berlin, its purpose was”to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries, and overseas markets”.[2] In the early years they offered foreign trade payment of all kinds (to grant advance payments for export and importers reimbursement credits) to the merchants.
Following the opening of branches in seaside towns Bremen and Hamburg its first foreign branches were set up shortly afterwards in Shanghai a London in 1882/83. The objective of the branch in London was primarily to be a key contact for German trading companies and
Introduction 1
1. The Beginning of Deutsche Bank 1
2. Reconstruction Due to First And Second World War 4
3. Internationalization 4
4. Becoming a Global Player 5
5. Conclusion .6
Introduction
Deutsche Bank, an international universal bank, was internationally active a short time after its foundation. The bank’s early decades were a period of rapid expansion. With its growth Deutsche Bank seemed to be unstoppable. But with the beginning of the First and Second World War the vision to offer a financial services throughout the world was destroyed. Fortunately, the year of 1957 has the status of a second birthday of Deutsche Bank. From this day on, after its reconstruction, the bank becomes active in retail banking by introducing small loans. After reentering the international banking market between the 1970s mid 1980s Deutsche Bank followed a new global strategy to set up its branch network world wideby the end of the 1980s: The expansion of the retailmarket and the presence of investment banking. Due to its continous growth Deutsche Bank has become a leading global investment bank. With 80,849 employees and a presence in over 70countries, it offers financial services throughout the world.[1]
1. The Beginning Of Deutsche Bank
The Early Years
As Deutsche Bank was founded in 1870 as a specialist bank for foreign trade in Berlin, its purpose was”to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries, and overseas markets”.[2] In the early years they offered foreign trade payment of all kinds (to grant advance payments for export and importers reimbursement credits) to the merchants.
Following the opening of branches in seaside towns Bremen and Hamburg its first foreign branches were set up shortly afterwards in Shanghai a London in 1882/83. The objective of the branch in London was primarily to be a key contact for German trading companies and