Deutsche Bank has released a number of significant mandates in Asia. These include mandates for clients such as: Agricultural Bank of China, Bank of China Group, China Merchants Bank, China Minsheng Bank and Clearing Corporation of India.
Deutsche Bank was selected by the Bank of China Group to provide wholesale banking services in Asia. These consist of Deutsche Banks cash management product suite, and SWIFT-based messaging.
Deutsche Bank and the Agricultural Bank of China also announced the signing of a Memorandum of Understanding that outlines an alliance in multicurrency cross-border payment solutions within the Greater China region.
The FX theme continued, with Deutsche Bank signing a MoU with China Minsheng Banking Corp to utilize Deutsche Banks FX4Cash, a cross-currency payments solution. Deutsche Bank also announced its appointment as US dollar clearing bank for Clearing Corporation of India Limited