Deutsche Bank doubles its capital in Thailand's branch

"This significant increase clearly demonstrates the potential we see in the Thai market and we will use the funds to build out our already highly successful local business. We see Thailand as an important growth market for us in the Asia Pacific region, where our business has been posting record revenues," said Colin Grassie, Chief Executive of Deutsche Bank Asia Pacific in the bank's its press release.

 "The new capital is to support the expansion of our Global Markets business, particularly the growth in FX and Derivatives volumes, as well as supporting the growth of our Private Wealth Management and Transaction Banking businesses. The increase is a strong indication of our commitment to Thailand and the health of our business here," said Rags Raghavan, Deutsche Bank's Chief Country Officer in Thailand.

- The Nation