Deutsche Bank Targets Commodity Finance for Mideast Growth
- Date: 14-Sep-2020
- Source: Bloomberg
- Sector:Financial Services
- Country:GCC
Deutsche Bank Targets Commodity Finance for Mideast Growth
Deutsche Bank AG plans to boost lending to commodity traders in the Middle East, even as other banks back away after a spate of defaults in the industry, to help double the size of its regional business.The German lender, which on Monday appointed Loic Voide and Kees Hoving as co-chief executive officers for the Middle East and Africa, is also targeting bond markets for growth in the region.