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| Home > Topics > East Asia > Gallery - The branches of Deutsch-Asiatische Bank |
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Shanghai main branch
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DAB head offices at Shanghai |
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Since the foundation of Deutsch-Asiatische Bank (DAB) in February 1889, Shanghai was where the head offices of the bank were located. In November 1889, the first Director of DAB, Ferdinand Rinkel, arrived there with five staff members. On January 2, 1890, the main branch in Shanghai was opened. On the Bund, DAB rented a building from members of an Indian merchant family and finally acquired it in 1898 for 20,000 pounds. A lack of space led to the purchase two years later of the neighbouring property and the construction of an extension. Thus, the Asian head offices of DAB achieved an important structural stature at around the turn of the century that was highlighted by the representative architecture.
The bank building was damaged by a typhoon in 1914, and it was sold after the First World War. Subsequently, DAB made efforts to have the use of the building of the former German postal service in Shanghai. After Communists took office in Shanghai, DAB's main branch was closed on September 27, 1945.
Fifty years later, Deutsche Bank returned to Shanghai, initially with a representative office and, starting in 1999, with its own branch.
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