DZ Bank supports co-operative bank businesses in Asia
Discovery Reports
Challenging times call for a bank whose track record shows long years of being a reliable partner of the business sector. As Germany's fourth-largest bank, DZ BANK fits the bill, serving as central bank for nearly 900 co-operative banks. The bank has survived two world wars, multiple economic crises and incessant inflation throughout its 125-year history, but has remained stable amid changes in the global economic environment.
From structured finance to investment banking, DZ BANK provides access to international markets for its shareholder institutions and their customers. Its networks run deep through Germany and via subsidiaries and representative offices in financial centres worldwide. It has branches in London, New York, Hong Kong and Singapore.
"The highest growth potential is currently in Asia, and Singapore is the perfect hub for the neighbourhood," says Klaus Borig, managing director and general manager of DZ BANK Singapore. "Our clients, mostly small and medium enterprises, have realised this since the 2007 economic slowdown. They also know that the best way to succeed in the region is by partnering with DZ BANK - a bank with excellent liquidity and ratings that can support all German-related businesses focused on midcap markets."
Celebrating its 15th anniversary in Singapore this month, DZ BANK is continuing to expand. It recorded a profitable turnover last year, and looks forward to sustaining its performance this year with an increasing interest in Asia from more German companies.
Borig believes that such a systematic, organic and conservative approach has been a key to the success of DZ BANK and its clients. Also the president of the Singaporean-German Chamber of Industry and Commerce, he forecasts that the Asean free trade zone agreement will drive businesses onwards from 2015.
"Increasing the business and adding products, such as those that will enable mergers and acquisitions for German companies looking to buy other German or Asian entities, are high priorities over the next five years," Borig says.