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Porsche Middle East and Africa selects Deutsche Bank for payments, collections and remittances

06 October 2010  |  2332 views  |  0 Source: Deutsche Bank

Deutsche Bank today announced that Porsche Middle East and Africa FZE, the regional office of Dr. Ing. h.c. F. Porsche AG, Stuttgart, has chosen Deutsche Bank's Abu Dhabi branch, which opened in February this year, for processing of its payments, collections and remittance business.

To ensure maximum transparency and efficiency, Porsche Middle East and Africa will use Deutsche Bank's electronic banking platform to process transactions and monitor their status in real-time.

In addition to the Middle East, Porsche's regional office provides services to Africa, India and Pakistan.

Mrs. Ebonnie Martins, Finance Director, Porsche Middle East and Africa, said, "We decided to award our payments, collections and remittance business to Deutsche Bank as they offer all necessary regional and international banking services. We are pleased with Deutsche Bank's services and expertise, its state-of-the-art electronic banking platform and its exceptional level of customer support. We look forward to expanding our relationship with Deutsche Bank in the future."

Shahrokh Moinian, Head of Corporate Cash Management - EMEA, Global Transaction Banking said, "Deutsche Bank is delighted to have the opportunity to manage Porsche Middle East and Africa's payments processing needs through our Abu Dhabi location. We are well positioned in the Middle East and Africa and are committed to supporting corporate clients such as Porsche Middle East and Africa that are looking to maximize efficiency as they increase their business in these regions."

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