 |
|
| 1911: |
On August 1st, 1911 Deutsche Ueberseeische Bank (DUB) opened a branch in Rio de Janeiro under the name of Banco Allemão Transatlántico. DUB was founded in 1886 in Berlin as a subsidiary of Deutsche Bank and represented the interests of Deutsche Bank in South America (a first branch opened in Buenos Aires already in 1887). The opening of a branch in Brazil marked the realisation of a long time standing plan but also the most important expansion of DUB’s business operations prior to World War I.
DUB Rio de Janeiro branch
|
|
| 1913: |
DUB’s Brazilian business grew rapidly and soon it became apparent that larger offices were needed. Also, further branches were founded in São Paulo, Santos and Petropolis. |
|
| 1917: |
Brazil's entry into the First World War as partner of the Allied Forces temporarily interrupted the bank’s activities. |
|
| 1919: |
DUB in Brazil could resume all its business operations again. |
|
| 1921: |
Opening of a branch in Curitiba. |
|
| 1930: |
In the aftermath of Deutsche Bank’s merger with the Disconto-Gesellschaft DUB acquired Banco Brasileiro Alemão (BBA), which had already been active in Brazil for decades (since 1924 as a company under Brazilian law). The BBA was founded in 1887 as South American subsidiary of Disconto-Gesellschaft. BBA opened its first branch in Rio de Janeiro on September 15, 1888 and further business locations were to follow until 1909 in São Paulo, Santos, Porto Alegre and Bahia.
DUB could increase its influence in Brazil due to its takeover of BBA and thus enlarged its presence with branches in Pôrto Alegre and Bahia.
DUB São Paulo branch (Originally used by Banco Brasileiro Alemão)
|
|
| 1942: |
Brazil declared war on Germany. The Brazilian branches of DUB were closed and their liquidation was executed within the following years. |
|
| 1945: |
Closure of Deutsche Bank’s head office as well as DUB’s head office in Berlin. |
|
| 1954: |
Like in West Germany DUB’s presence in South America recommenced as well in the shape of representative offices. |
|
| 1955: |
Opening of a joint representative office of Deutsche Bank’s successor institutions and DUB in São Paulo.
Business letter concerning the opening of the São Paulo joint representative office in 1955
|
|
| 1956: |
Opening of a joint representative office of Deutsche Bank’s successor institutions and DUB in Rio de Janeiro. |
|
| 1957: |
Deutsche Bank is reconstituted in Frankfurt am Main by a merger of its successor institutions. Due to this reunification the name Deutsche Bank appeared on its own for the first time in Brazil. The representative offices in Rio de Janeiro and São Paulo remained as joint representative offices of DUB and Deutsche Bank. |
|
| 1969: |
On April 16th DUB transformed its São Paulo representative office into a branch, which increased its Brazilian business base accordingly.
Rio de Janeiro remains a joint representative office of DUB and Deutsche Bank.
DUB São Paulo branch in 1969
|
|
| 1973: |
Deutsche Bank acquired a participation in Banco Bradesco de Investimento. |
|
| 1976: |
DUB is fully incorporated into Deutsche Bank after 65 years of presence in Brazil and 90 years since its founding. Deutsche Bank acted as a lead manager of a DM 100 million Brazilian loan. |
|
| 1978: |
After DUB was incorporated into Deutsche Bank, the former branch in São Paulo was taken over and renamed to Deutsche Bank. |
|
| 1988: |
Deutsche Bank opened branches in Porto Alegre and Campinas. |
|
| 1990: |
Deutsche Bank representative office was relocated from Rio de Janeiro to São Paulo into a new building in the town's modern commercial centre. |
|
| 1992: |
Deutsche Bank’s Rio de Janeiro administrative centre was transformed into a proper sales office. |
|
| 1994: |
The Brazilian branches of Deutsche Bank AG were transformed into Deutsche Bank S.A. – Banco Alemão. |
|
| 1995: |
Deutsche Bank opened a branch in Curitiba. |
|
| 2001: |
maxblue, Deutsche Bank’s new on-line personal financial consultancy started in April in São Paulo. It aims at affluent individuals. Brazil was the first Latin American country to launch this sophisticated new electronic banking system. |
|
| 2011: |
Deutsche Bank’s CEO Josef Ackermann visited Deutsche Bank's offices in Brazil, Argentina and Chile, underscoring the Bank’s commitment to Latin America and celebrating milestones including Deutsche Bank's 100th anniversary in Brazil. |
