Deutsche Bank has rolled out new trade finance and corporate cash management services out of the company’s branch in Riyadh. The new services include international trade finance solutions, cash management and treasury solutions and non-retail deposits in several international currencies.
The services will target the bank’s corporate and institutional clients and expand their current suite of services which includes the administration of internationally issued Islamic products and an administration platform for multi-asset class funds. The bank, which opened its Riyadh branch in 2006, is also allowed to provide loans and advances to corporate entities and government and semi-government institutions in Saudi Arabia.
Click here for the release from Deutsche Bank.