Clean Break: the company completely halting Russian engagements or exiting Russia
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Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGlob.Revenue, mln.USD
28028
Russian Deutsche Bank earned 5.4 billion rubles of net profit in 2022. It has increased by 5.8 times and has become a record since at least 1999.
The Company Statement
July 10, 2023
Wind down business in Russia. Deutsche Bank is winding down its remaining software centers in Moscow and St. Petersburg and plans to cut 500 jobs. About 500 employees of IT centers who still remain in Russia will be offered to resign within six months with severance pay. Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them. Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank. Gazprom arm seeks foreclosure on Deutsche Bank Russia businesses. Deutsche Bank and Commerzbank blocked Gazprom subsidiary's Russian lawsuits.
| November 16, 2023 | Western investors spooked as Moscow mulls compulsory share purchase plan |
| October 11, 2023 | Deutsche Bank Blocks Gazprom JV's €238M Russian Claim |
| October 11, 2023 | Deutsche Bank, Commerzbank block Gazprom subsidiary's Russian lawsuits |
| July 04, 2023 | Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank |
| June 26, 2023 | Shares and investments are gone. Russia robbed Deutsche Bank customers - Reuters |
| June 26, 2023 | Exclusive: Deutsche Bank tells investors some of their Russian shares are missing |
| April 21, 2023 | The Russian "subsidiary" of Deutsche Bank grew a record profit |
| April 20, 2023 | Final record: The Russian structure of Deutsche Bank ended 2022 with a profit of 5.4 billion rubles. |
| April 12, 2023 | Deutsche Bank to close IT centers in Russia and lay off 500 workers - FT |
| April 12, 2023 | Deutsche Bank to close down its remaining IT operations in Russia |
| March 17, 2023 | Annual Report 2022 |
| March 11, 2022 | Statement on business activities in Russia |
| March 11, 2022 | Statement on business activities in Russia |
| March 11, 2022 | Statement on Russia |
| Deutsche Bank in Russia |
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