Deutsche Bank was founded in Berlin in 1870 as a specialist bank to finance foreign trade and promote German exports. Deutsche Bank is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany.
The bank’s network is spread across 58 countries with a large presence in Europe, America and Asia. As of 2017–2018, Deutsche Bank was the 21st largest bank in the world by total assets. As the largest German banking institution, it is a constituent of the DAX stock market index. It is considered a systemically important bank by the Financial Stability Board.
The company is a universal bank with four major divisions: Investment Bank, Corporate Bank, Private Bank and Asset Management (DWS).
The statute of the bank was adopted on 22 January 1870, and was granted a banking license by the Prussian government on 10 March 1870.
The objective of the company is to carry out banking business of all kinds, in particular, to promote and facilitate trade relations between Germany, other European countries and foreign markets.