German International Banks in East Asia (1889–1913)

Motoaki Akagawa ()
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Motoaki Akagawa: Keio University

Chapter Chapter 9 in The Development of International Banking in Asia, 2020, pp 221-250 from Springer

Abstract: Abstract In this paper, the development in and withdrawal from Asia of the Deutsche BankDeutsche Bank and the development and characteristics of the Deutsch-Asiatische BankDeutsch-Asiatische Bank (DAB) (hereinafter, DAB), also in Asia, are analysed. On DBA, the analysis is based on the newly explored archival materials, which are original financial statementsFinancial Statement of the bank in 1906. DBA’s headquarter was established in Shanghai, which was an economic centre in Asia linked to the international market. On the other hand, due to its Articles of Association, the DBA’s overall corporate governance was determined in Berlin. During the steady development of the economic situation in Asia, the core banking operations of the DABDeutsch-Asiatische Bank (DAB) were foreign exchange business and trade-related lending to European trading companies, comprador capitalists, and local financial institutions, while in Shangdong ProvinceShangdong Province, the German settlement in China, the DAB established close relationships with the railway and mining managements. As an outcome of business activities in 1906, the DABDeutsch-Asiatische Bank (DAB) generated almost all profits based mainly on foreign exchange revenue. In detail, the Shanghai, Tientsin, Berlin, Tingtau, Hong Kong and Yokohama offices earned profits. Thus, the role of the DBA was important not only from the perspective of the imperialism theory constrained by capital export but also from the perspective of establishing trade finance infrastructure.

Keywords: Deutsche Bank; Deutsch-Asiatische Bank; The synthesis profit and loss statement; Synthesis balance sheet; Internal transaction relations between all of offices (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-4-431-55615-2_9

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DOI: 10.1007/978-4-431-55615-2_9

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