Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
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.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedRussian 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. A Russian court has ordered Deutsche Bank to discontinue an ICC claim against a Gazprom venture over stalled work on a gas processing plant, despite the UK Supreme Court ruling that the dispute belonged in arbitration. Deutsche Bank's London branch has been fined £165,000 by the UK's financial watchdog for processing payments that breached financial sanctions rules against Russia.
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. A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. Russian court injuncts Deutsche Bank’s ICC claim against Gazprom venture. 15.04.2026: The legal entity DEUTSCHE BANK TECHCENTER LLC was liquidated.