Deutsche Bank opened its fourth branch in China in the port city of Tianjin on Dec 8 2009 to complement its existing network in Beijing, Shanghai and Guangzhou.
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Largely focussed on transaction and corporate banking, the new branch will initially offer services including treasury products and services for foreign exchange and interest rate hedging; structured trade and export finance; and will also provide onshore sales and customer services support to financial institutions. Â
The new branch also allows the bank to extend its premium services to clients both within the municipality and around the Bohai Rim.
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The opening of the Tianjin branch enables a significant expansion of the bank’s coverage of North China, according to Lee Zhang, group chairman of Deutsche Bank China and head of global banking Asia-Pacific (ex-Japan).
Tianjin is one of the largest urban areas in the country. The municipality hosts a number of economic and technological development zones and has also been designated as a centre for financial innovation and emissions trading. Deutsche Bank’s new branch is located at Exchange Tower 2, Nanjing Road, Heping District, Tianjin.