Deutsche Bank doubles its Indonesia capital to $644m

This is the third time it raised its capital in an APAC market this year.

Deutsche Bank has doubled its local capital in its Indonesia business to IDR10t (€600m or approximately US$644m).

The additional investment will support the bank’s growth in the country and allow it to undertake more activity for clients, Deutsche Bank said in a press release.

This marks the third time in 2023 that the German bank raised its capital in Asia Pacific, following previous investments in Vietnam and in South Korea.

Deutsche Bank has been operating in Indonesia for 54 years, where it provides a range of corporate banking solutions to multinational companies, large local corporates and financial institutions in Indonesia.

Services offered include cash management, FX, custody and trade finance. It also offers investment banking services.