Deutsche Bank has expanded the services it offers from its Saudi branch to include trade finance and cash management services.

The Riyadh branch, which opened in 2006, will perform trade finance and treasury solutions including taking non-retail deposits in a number of currencies.

“The expansion of our suite of services in the kingdom is a testament to our unwavering commitment to the region,” says Werner Steinmüller, head of Deutsche’s global transaction banking division.

“We are proud of the contribution we have made in Saudi Arabia to date, and we look forward to further assisting our clients with their financial needs.”

Deutsche Bank has signalled Saudi Arabia to be a key strategic and growth market for the bank’s franchise.

“We will continue to invest in it and to deliver the products that our clients require to grow their business,” says Ashok Aram, chief executive officer of the bank’s Middle East and North Africa business.