Deutsche Bank
With its headquarters in Frankfurt, Germany, Deutsche Bank AG is a multinational investment bank and provider of financial services, dual-listed on the New York Stock Exchange and the Frankfurt Stock Exchange. It was established in 1870 and has since expanded through several acquisitions, including that of Disconto-Gesellschaft in 1929 (as a result of which it was referred to as "DeDi-Bank" from 1929 to 1937), 580 Bankers Trust in 1998, and Deutsche Postbank in 2010.
The bank's network covered 58 countries in 2018, with a significant presence in Europe, the Americas, and Asia. According to total assets, Deutsche Bank was the world's 21st-largest bank as of 2021, ranked 93rd globally in market value. Despite the Sparkassen-Finanzgruppe having a significant advantage in total assets, it is frequently referred to as the most prominent German banking institution because it is a part of the DAX stock market index. The Financial Stability Board has recognized Deutsche Bank as a globally systemically important bank since 2011.
The market capitalization of Deutsche Bank as of April 2023 is $21.17 billion. By market cap, this places Deutsche Bank as the 816th most valuable corporation in the world. The most recent financial reports from Deutsche Bank indicate that the company's current revenue (TTM) is $28.24 Billion. The corporation generated $29.76 billion in revenue in 2021, an increase from $27.42 billion in revenue in 2020.
Founded: 10 March 1870
Headquarters: Deutsche Bank Twin TowersFrankfurt, Germany
Website: db.com
