History of Deutsche Bank in Hungary

1870


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

1906


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