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Deutsche Bank chosen as RMB clearing bank for Europe
11 August 2026 Europe
Image: Prasit Rodphan/stock.adobe.com
Deutsche Bank has been appointed by the People’s Bank of China as a renminbi clearing bank for Europe in Frankfurt, a move they say acts as a local bridge to China’s payment systems.
Facilitating direct end-to-end processing, clearing, and settlement services for cross-border RMB transactions, Deutsche Bank supports more efficient flows, comprehensive financial solutions across trade, investment, and financing as well as access to reliable offshore RMB liquidity.
Alexander von zur Muehlen, CEO of Asia Pacific, Europe, Middle East and Africa, and Germany at Deutsche Bank, says: “Securing RMB clearing capability in Europe reinforces our role as a trusted global clearing partner and our long-standing support for RMB internationalisation.
“It strengthens China-Europe financial connectivity and enhances our ability to support clients’ cross-border trade and investment flows with greater choice and flexibility.”
Leo Yin, president of Deutsche Bank (China), says: “By connecting onshore and offshore RMB ecosystems and expanding RMB use cases across Europe and key trade corridors, we aim to help clients capture new opportunities arising from the evolving RMB landscape.”
Facilitating direct end-to-end processing, clearing, and settlement services for cross-border RMB transactions, Deutsche Bank supports more efficient flows, comprehensive financial solutions across trade, investment, and financing as well as access to reliable offshore RMB liquidity.
Alexander von zur Muehlen, CEO of Asia Pacific, Europe, Middle East and Africa, and Germany at Deutsche Bank, says: “Securing RMB clearing capability in Europe reinforces our role as a trusted global clearing partner and our long-standing support for RMB internationalisation.
“It strengthens China-Europe financial connectivity and enhances our ability to support clients’ cross-border trade and investment flows with greater choice and flexibility.”
Leo Yin, president of Deutsche Bank (China), says: “By connecting onshore and offshore RMB ecosystems and expanding RMB use cases across Europe and key trade corridors, we aim to help clients capture new opportunities arising from the evolving RMB landscape.”
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