Deutsch-Asiatische Bank (in German)

In 1889 Deutsch-Asiatische Bank was founded with headquarters in Shanghai by a syndicate of renowned stock corporation banks and private bankers. Deutsch-Asiatische Bank set up branches in China, Japan and India, and it received the concession to issue its own banknotes in China in 1906. The bank's principal activity was trade financing; but together with English and French banks, it also played an outstanding role in the underwriting of bonds for the Chinese government and in the financing of railway construction in China. The First and Second World Wars destroyed Deutsch-Asiatische Bank's branch network and business activities, and 1953 was the year it launched a new beginning in Hamburg. Together with partner banks within the EBIC group, Deutsche Bank subsequently founded "European Asian Bank" (EURASBANK) in 1972, which the former Deutsch-Asiatische Bank was merged into.