Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalDeutsche 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 WithdrawalRussian 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.
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.