Deutsche Bank invests a further €14.6mn in its Romanian technology centre

Deutsche Bank invests a further €14.6mn in its Romanian technology centre
By bne IntelliNews August 20, 2019

Deutsche Bank has increased the capital of its technology centre in Bucharest, DB Global Technology, by €14.6mn, the company announced in a press release on August 19, quoted by Mediafax.

“DB Global Technology's capital increase reaffirms Deutsche Bank's commitment to Romania, an economy that has confirmed and surpassed our initial estimates about the potential of the IT industry in the country, the existence of a robust flow of trained specialists, and a superior quality of the IT infrastructure,” said Mihai Ionescu, chief country officer of Deutsche Bank in Romania.

DB Global Technology produces financial applications for the bank's global platform. Since its establishment, DB Global Technology has carried out a total number of 700 IT projects, with a global value of over €1bn, consisting of innovative information technology solutions and software applications, made by its more than 900 specialists, employees, and collaborators.

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