Survey of 25,000 corporates and financial institutions sees Deutsche Bank claim top prize in 19 global, regional and country categories for its cash management services and market leadership.
Deutsche Bank has been named the leading provider of cash management services to financial institutions in Euromoney’s Cash Management Survey 2019, while climbing to third place globally for corporate business.
“In the hotly contested Cash Management space, where Banks and FinTechs alike fight hard to gain market share and digitization revolutionizes the game, it is an outstanding achievement to have not only defended, but improved our position. There is no truer testament to our ability to provide market leading integrated treasury workflow solutions, across payments, liquidity and FX, than the confirmation and vote of confidence from our clients across the world" said Ole Matthiessen, global Head of Cash Mangement.
The survey, carried out annually since 2001 and widely considered a yardstick for success in the cash management business, received over 25,000 responses from both corporate and financial institution clients.
In the corporate polls, Deutsche Bank retained top spot for market share in both Germany and Western Europe for the eighth consecutive year, while leading the way for both market share and customer satisfaction in Portugal and Spain. The Bank was also named Best Service Provider in South Korea.
In the financial institution polls, Deutsche Bank showed its dominance in euro-denominated business – claiming top spot in Western Europe, the Nordics, Central and Eastern Europe, North America and Latin America. Its strength in US dollar clearing also saw it lead the way for market share in Western Europe as well as Central and Eastern Europe, where it also placed number one for the British pound and Japanese yen.
In addition, the Bank was also voted number one globally for Personnel and Best Service Provider in Latin America.
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
Forward-Looking Statements
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on the plans, estimates and projections currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update any of them in light of new information or future events. By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which Deutsche Bank derives a substantial portion of its revenues and in which the bank holds a substantial portion of its assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of strategic initiatives of the bank, the reliability of the bank’s risk management policies, procedures and methods, and other risks referenced in the bank’s filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in the bank’s SEC Form 20-F of 22 March 2019 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.