Romanian media: Deutsche Bank soon to sign lease for large office space in Bucharest

Deutsche Bank, which has been searching for a large office space in Bucharest for several months, is expected to sign a deal in the coming period, according to Ziarul Financiar daily. The bank plans to open a support service center for different subsidiaries of the group, and not yet offer banking services, according to the local media. Deutsche Bank has been searching for two types of offices, a 500 sqm office in a new building, and another option, of up to 6,000 sqm, with the possibility to expand to 10,000, according to ZF. Their expansion project into Romania would thus require 600 employees in a first stage, according to unnamed recruiting firms and real estate agencies contacted by Deutsche Bank and quoted by local media. In 2012, Deutsche Bank had revenues of EUR 33.7 billion, up on EUR 33.2 billion the year before. Its net income took a nosedive to EUR 291 million, from EUR 4.3 billion in 2011. The group had 2,984 branches end – 2012, out of which the majority, almost 2,000, in Germany. editor@romania-insider.com