Deutsche Bank, Germany’s largest commercial bank, is considering opening a service centre in Lithuania, several sources from different institutions have confirmed to BNS.
According to these sources, the bank’s representatives visited Vilnius in mid-October, where they met with representatives of the president’s office, the Ministry of Economy and Innovation and the government’s FDI promotion agency Invest Lithuania. The Germans were presented with investment opportunities and looked around for a suitable office.
Deutsche Bank is choosing between two to three countries to host their service centre, according to the sources.
Deutsche Bank itself has not commented on its plans to BNS.
President Gitanas Nausėda met with Deutsche Bank’s managing director for North and East Joerg Bongartz and European Affairs representative Lothar Meenen in Berlin last April to discuss the bank’s potential plans for Lithuania.
Nausėda said that the progress of the Lithuanian IT sector and the market that is not saturated with global business services are encouraging foreign investors to establish and expand IT, services and analytics centres in Lithuania.
Deutsche Bank operates in 58 countries. Last year, it announced plans to open a new technology centre in Berlin to develop new applications and maintain its existing infrastructure – a decision that German media linked to the Deutsche Bank’s withdrawal from Russia.
The bank closed its technology centre in Moscow and St Petersburg earlier this year. Deutsche Bank’s technology centre has been operating in Romania since 2013.
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