Deutsche Bank sees role as market maker
While planning to concentrate on commercial banking at the outset, Deutsche Bank also sees a role for itself as a market maker for deutsche marks.
"We will strive to improve the limited possibilities of hedging against exchange rate risks and as a market maker strengthen the still imperfect relationship between the Deutsche Mark and the Polish zloty," said Georg Krupp, member of the board of Deutsche Bank AG responsible for Poland and points east. "We're going to try to add liquidity to the market - and the more liquid the market, the more realistic the exchange rate."
Investment banking is another area in which Deutsche Bank Polska - in cooperation with their investment bank Deutsche Morgan Grenfell - wants to be an active player. This month they are planning to submit an application for a brokerage license to the Securities Commission, Krupp said, adding that they have been promised a speedy reply.
Deutsche Bank is also planning to offer deposit products for some select individual clients as a source of funding. "But of course we don't see lines forming outside the bank," said Hilmar Kopper, board spokesman.
"We will strive to improve the limited possibilities of hedging against exchange rate risks and as a market maker strengthen the still imperfect relationship between the Deutsche Mark and the Polish zloty," said Georg Krupp, member of the board of Deutsche Bank AG responsible for Poland and points east. "We're going to try to add liquidity to the market - and the more liquid the market, the more realistic the exchange rate."
Investment banking is another area in which Deutsche Bank Polska - in cooperation with their investment bank Deutsche Morgan Grenfell - wants to be an active player. This month they are planning to submit an application for a brokerage license to the Securities Commission, Krupp said, adding that they have been promised a speedy reply.
Deutsche Bank is also planning to offer deposit products for some select individual clients as a source of funding. "But of course we don't see lines forming outside the bank," said Hilmar Kopper, board spokesman.
