History of Deutsche Bank in Hungary

1870 Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets.

1906 Cooperation of Deutsche Bank and Pest Hungarian Commercial Bank (Pesti Magyar Kereskedelmi Bank)

1908 Deutsche Bank acted as lead manager for a bond of Ungarische Localeisenbahnen AG

1915 Deutsche Bank participated in the foundation of Ungarische Erdgas AG (Hungarian Natural Gas Stock Company)

1940 Deutsche Bank acquired a stake in Pest Hungarian Commercial Bank.

1987 Deutsche Bank arranged a one billion D-Mark loan to the National Bank of Hungary.

1990 Opening of a representative office in Budapest.

1996 Deutsche Bank set up a Hungarian subsidiary Deutsche Bank Rt.

1999 Deutsche Bank launched Domestic Custody Services (DCS) in Hungary.

since 2000 Deutsche Bank Hungary’s Capital Market Sales team has acted as a primary dealer of Hungarian Government Securities.