Deutsche Bank completes acquisition of parts of ABN AMRO

Deutsche Bank announced on April 1, 2010  the completion of the acquisition of parts of ABN AMRO's commercial banking activities in the Netherlands for EUR 700 million in cash. The transaction's closing follows the approval by the European Commission and other regulatory bodies. Deutsche Bank, already a leading corporate and investment bank in the Netherlands, is now the fourth-largest provider of commercial banking services in the country. The acquired businesses will use the Deutsche Bank brand name and become part of the firm's Global Transaction Banking (GTB) business. With the acquisition, Deutsche Bank welcomes over 34,000 new clients and 1,300 new colleagues.

Werner Steinmueller, Head of Global Transaction Banking and Member of the Group Executive Committee at Deutsche Bank, said: "With this transaction, the Netherlands becomes a significant commercial banking market for Deutsche Bank. This is a key step in Deutsche Bank's strategy to expand its stable businesses and extend its presence with European SME and Midcap clients."Deutsche Bank AG

Frankfurt / Amsterdam, April 1, 2010


Source: Deutsche Bank AG,

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