Deutsche Bank wins World’s Best Bank for Corporates in the Euromoney Awards for Excellence 2024

On 19 July 2024, Deutsche Bank was awarded World’s Best Bank for Corporates in the Euromoney Awards for Excellence 2024 – one of their top global awards. In addition, the bank was heralded Germany’s Best Bank for Corporates and Germany’s Best Investment Bank.

The wins also demonstrate the bank’s progress with its long-term strategy – increasing revenues and remaining disciplined on costs – and the momentum it is seeing as a Global Hausbank, supporting its clients as they undergo their own transitions.

As they put it, “Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. Going into its 33rd year the Euromoney Awards for Excellence represent the ultimate accolade in banking.”

Euromoney went on to comment on why Deutsche Bank had received the award. “Five years ago, Christian Sewing carved out a new corporate bank. The approach has highlighted Deutsche Bank’s strengths, and helped it build on its underlying advantages. In addition to large corporate clients, it has helped Deutsche Bank cover Mittelstand clients with more focus. Last year, the Corporate Bank was by far the most profitable part of the group.”

According to Euromoney, the stand-out capabilities that helped secured the Corporate Bank award were Deutsche Bank’s

• Strong global network and local expertise which is more important than ever in the light of supply chain disruptions and geopolitical tensions
• Ability to help German Mittelstand clients to grow abroad
• Country-based coverage model with strong connections to local corporates
• Investments in technology, notably in a merchant solutions space, exemplified by the mandate win to become the issuing partner for Lufthansa’s Miles and More credit card portfolio in Germany
• Ability to financing and advising energy transition projects such as arranging financings for Swedish electric vehicles battery producer Northvolt and green steel start-up H2 Green Steel.

Key to the ‘Best Investment Bank in Germany’ award was the German investment banking revenues which, said Euromoney, “gave it an impressive positioning in the Dealogic rankings, far higher than any regional competitor. This included top positions across debt and equity capital markets, mergers and acquisitions and loans”.

Julian Schoof, Head of Investment Bank Coverage DACH at Deutsche Bank, said: “We are delighted that Deutsche Bank has, once again, been recognised as the leading investment bank in our home market. Thanks go to our colleagues across the bank for their strong partnership and dedication, as well as our clients, for the deep trust they continue to place in Deutsche Bank.”

Fabrizio Campelli, Head of Corporate Bank & Investment Bank reflected, “Our Global Hausbank strategy centers around bringing the whole bank to our clients. It builds on the transformation we undertook five years ago, where we focused our bank’s business model on our strengths and, since then, have built a resilient and sustainably profitable Deutsche Bank. These awards demonstrate that we are not only on the right track, but clearly leading the way, with our clients firmly at the centre of everything we do."

“This recognition underscores the strength of our global network and our deep dedication to the lasting success of our clients around the world. It is a true testament to our Global Hausbank philosophy to be the preferred provider for our clients, meeting all their financial needs, at home and abroad,” added David Lynne, Head of the Corporate Bank.

Euromoney’s Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry. Over 30 years on, they remain the worldwide gold standard in this regard and are determined by an editorial panel of judges following a three-month research and interview process. Over 600 banks from over 100 countries enter every year, making it the most comprehensive programme in the industry.