Deutsche Bank, Habubank Reach Cash Management Agreement

Deutsche Bank - Ho Chi Minh Branch and Hanoi Building Commercial Joint Stock Bank (Habubank) have officially signed a cooperation agreement under which the latter will provide cash management services for Deutsche Bank’s corporate clients. Agreement covers collection, payment and payroll services.

 

The new deal will enable both lenders to expand their presence in Vietnam. This cooperation supplements cash management services for corporate customers at Habubank while expanding the cash management product distribution network for Deutsche Bank throughout Vietnam.

 

This agreement is part of the long-term strategic partnership between Deutsche Bank and Habubank. It is testament to mutual determinations in providing comprehensive products and services for customers.