Deutsche Bank

It is a German multinational company that offers banking and financial services in most countries of the world. It is perhaps the most important bank in Germany. It is responsible for corporate, commercial, investment, and private banking.

History

The bank originated in 1870 to establish several businesses in national and international trade. That was because, at that time, the institutions depended on English and French banks to carry out their international operations. It received his banking license that same year by the Prussian government. It was founded by Georg Siemens, Adelbert Delbrück, and Ludwig Bamberger.

As of 1871, it began to expand both nationally and internationally. Its first branches were in Bremen and Hamburg and later, in Shanghai, London, and countries of the Latin American continent. During those years, it continued to establish branches nationally and bought Berliner Bank-Verein and Deutsche UnionBank. In 1886, it participated in the founding of Deutsche Ueberseeische Bank.

After the war, there were losses in the bank. The institution was forced to merge with other local banks and not disappear. As a result, the Deutsche Bank und DiscontoGesellschaft was created in 1929. This allowed the entity to overcome the post-war economic crisis.

It had to manage the Bohemian Union Bank, Bankverein, National Bank of Greece, Creditanstalt – Bankverein, Deutsch-Bulgarische Kreditbank, and Banca Comercială Română during World War II.

When the second war ended, it was time to rebuild. The bank had been forced to separate into ten regional banking institutions, and these, in turn, into three including Norddeutsche Bank AG, Süddeutsche Bank AG, and Rheinisch-Westfälische Bank AG. Those three banks merged to form Deutsche Bank AG based in Frankfurt (as today).

In the following years, the bank established several branches to continue expanding internationally in London, Tokyo, Paris, Brussels, Antwerp, New York, Hong Kong, Milan, Madrid, and many more.

Routing Number

The route number identifies the bank. Usually, one of its uses is in bank transfers. It contains nine digits: 021001033.

Swift Code

DEUTDEBB is the unique bank identifier it’s used to verify financial transactions such as a bank wire transfers

Number of Employees

The last employee count was carried out in 2019. Deutsche Bank has 91,463employees.

Rating

The rating measures the capacity of a bank to pay debts. Several agencies evaluate it.

Deutsche Bank has a rating of:

  • S&P = BBB+.
  • Moody’s = A3.
  • Fitch = BBB+.

BBB+ (S&P Global) = It has a medium level, but they are in a good situation.

A3 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.

BBB+ (Fitch) = It refers to high solvency but is sensitive to adverse changes.

Headquarters

Deutsche Bank has its office in Frankfurt, Germany.

Website

To access the bank’s website: http://db.com

Services

  • Corporate banking: It offers a variety of financial services and banking operations to clients of companies and corporations.
  • Investment banking: It provides financing services, advice, foreign exchange, deposits, and more to corporate clients and businesses in general.
  • Private banking: It has special services for all those clients who want to save their income and assets of great importance.

Contact

  • Address: Deutsche Bank Twin Towers, Frankfurt, Germany.
  • Phone Number: +49 69 910-00, +49 69 91010039 (Customer service).