Deutsche bank in Germany for "PSD Bank" in Karlsruhe, Baden
The joint venture of the German bank Norddeutsche Landesbank (NordLB) and Norway's leading bank DnB NOR is considering acquisitions in the Baltic countries. Greeks in eighteen months transferred to the German banks 30 billion euros, afraiding to keep money in the local financial institutions. From 14 German banks that passed stress tests, six did not release information on the amount of government bonds in their portfolios: Deutsche Bank, Postbank, DZ Bank, WGZ Bank, Landesbank Berlin and Hypo Real Estate (HRE). Competitors from abroad look closer at German banks Postbank, Citibank and Dresdner Bank and according to data from the financial community they have already received first non-binding offers.