HABUBANK Sells Stakes to Deutsche Bank

Hanoi Building Commercial Joint Stock Bank (Habubank) has signed with Deutsche Bank Aktiengesellschaft a strategic partnership agreement by which Deutsche Bank will buy 10 per cent ownership in Habubank, or up to 20 per cent if allowed under applicable law and regulations. The strategic partnership is in line with Habubank's development strategy for the phase 2006-2010. 

 

Deutsche Bank is a leading global investment bank with a strong and profitable private client franchise. Deutsche Bank has a strong foothold in Germany and Europe, and is continually expanding its business to North America, Asia and key emerging markets. With 1,097 billion euros in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world.