Saudi Arabia a key market for Deutsche Bank as it eyes expansion: top official

Tue, 2022-11-22 13:12

RIYADH: Germany’s Deutsche Bank AG is considering Saudi Arabia and Indonesia as its key markets for expansion, as governments in the resource-rich nations are spending heavily, according to a top official.

Claudio de Sanctis, head of international private banking at Deutsche Bank said that the financial firm is planning to invest heavily in the Middle East and Southeast Asia to tap an expansion of wealth and flow of funds to the regions, according to a Bloomberg report.

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