Deutsche Bank history in Portugal

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

1964 Deutsche Bank participated in issuing bonds for the Republic of Portugal.

1978 Deutsche Bank acquired a stake in Mello Deutsche Morgan (MDM) in Lisbon, a financial consulting company that became an investment company in 1983.

1976 EBIC’s office in Toronto was transformed into a representative office of Deutsche Bank.

1988 Deutsche Bank took over the majority of MDM.

1990 Deutsche Bank de Investimento S.A. was created as a result of the conversion of MDM into an investment bank, which enabled it to expand its activities from financial consulting and medium and long-term financing to short-term credit operations, foreign exchange and derivatives operations, transnational banking and fundraising.

1997 Begin of Private Banking and Consumer Finance.

1999 Home Loans for private clients. Deutsche Bank de Investimento S.A. renamed to Deutsche Bank Portugal S.A.

2002 Deutsche Bank in Portugal formally began operations in the field Private & Business Clients (PBC).

2005 Expansion of branch network all over the country (Investment & Financial Center and Financial Agents).

2018 Announcement on the sale of the retail business, including the branch network.

2019 Completion of the sale of the branch network, remaining on the ground with the coverage of institutional and corporate clients, including a well-established Global Transaction Banking platform.