COMMONWEALTH Bank of Australia (CBA) has formed a reciprocal arrangement with Dresdner Kleinwort, the investment banking division of Germany’s Dresdner Bank AG, giving both bank’s corporate clients access to a range of products and services.
Stephen Holden, CBA General Manager Working Capital & International Finance, said the non-exclusive deal fitted in with CBA’s corporate referral network in a number of important markets.
The reciprocal deal will see both banks act as a recommended supplier for both of their customers looking to bank in either Australia or Germany.
Mr Holden said customers would gain improved access, particularly to European markets, through the deal.
Dresdner Kleinwort is a member of the Allianz Group, a global provider of insurance, banking and asset management.
