Deutsche Bank doubles capital in Indonesia

Growth opportunities: An oil-rig seen among vessels moored at shipyards northwest of Batam island. Deutsche Bank says Indonesia’s strength in resources is nicely complemented by its focus on emerging industries. — Reuters

SINGAPORE: Deutsche Bank is doubling the capital for its business in Indonesia to 10 trillion rupiah (US$645mil), the bank says.

The additional investment will support the bank’s growth and allow it to undertake more activity for clients, it said in a statement yesterday.