Deutsche Bank says committed to contributing to SL’s recovery and development plans

Deutsche Bank India & Emerging Asia CEO Kaushik Shaparia

• Recent visit by India & Emerging Asia CEO Kaushik Shaparia and senior management leadership reaffirms support and confidence in Sri Lankan franchise

Deutsche Bank yesterday reiterated its commitment as a steadfast global banking services provider amidst the country’s journey through economic challenges.

Operating in Sri Lanka since 1980, Deutsche Bank AG, has been a reliable partner for over 43 years, providing fully-fledged commercial banking operations, connecting Sri Lanka to Asian, European and US markets.

As the only European bank operating in Sri Lanka, with a dedicated team well-versed in local regulations and market trends, Deutsche Bank’s onshore presence and proven track record in frontier markets, help provide clients with seamless solutions.

Deutsche Bank India & Emerging Asia CEO Kaushik Shaparia expressed strong confidence in the green shoots of Sri Lanka’s economy during his visit to the country. Emphasising the bank’s commitment, he stated, “Sri Lanka is a key market for Deutsche Bank.

 We have remained invested through challenging times, supporting our clients as a trusted banking partner. As the economy strengthens, we look forward to contributing to its recovery and development plans.”

Deutsche Bank said its leading role in debt capital markets is underscored by being appointed as a Joint Lead Manager for international sovereign bond issuances since 2015. The bank’s Colombo branch collaborates closely with multinational companies and local corporates, offering a comprehensive range of services, including being a dominant provider of USD and EUR clearing services, cash management, trade finance, securities services, foreign exchange and debt capital markets.

Deutsche Bank Sri Lanka Chief Country Officer Niranjan Figurado also emphasised the bank’s deep understanding of the local economic landscape. “Deutsche Bank brings tailored solutions to its clients. We are poised to scale up operations, offering our award-winning products and services and uplift the financial landscape of the country,” he added.

Recent accolades, such as being recognised as the Best Domestic Custodian and Best Fund Administrator by The Asset, attest to Deutsche Bank’s excellence.

Figurado reiterated the bank’s commitment, saying: “The recent visit by Kaushik Shaparia and senior management leadership from the region reaffirms the commitment, support, and confidence in our Sri Lankan franchise.”

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, Governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

Deutsche Bank has been operating in Sri Lanka since 1980, providing cash management, FX, trade finance, trust and securities services with strong support and capabilities of superior electronic banking services.