Deutsche Bank has established the “Deutsche Bank Middle East Foundation,” an initiative focused on advancing the Bank’s corporate social responsibility (CSR) program in the region.

The announcement came during the opening of Deutsche Bank’s “Bauhaus” art exhibition at the Dubai International Financial Centre (DIFC), hosted by Dr Josef Ackermann, chairman of the management board and the group executive committee, and Dr Omar Bin Sulaiman, Governor of the DIFC and vice chairman of the UAE Central Bank.

The Foundation is the latest to join the family of the Bank’s foundations in Asia, Africa and the Americas. In addition, Deutsche Bank has active CSR programs across Europe and the UK.

“Our decision to establish the Deutsche Bank Middle East Foundation stems from our deep-seated belief in the necessity of companies contributing to the societies in which they operate,” stated Dr Josef Ackermann.

“The Deutsche Bank Middle East Foundation is an excellent CSR initiative that can serve as a model for other organisations in the region,” added Dr Omar Bin Sulaiman said:

The Deutsche Bank Middle East Foundation will focus on funding investments in education, community development, sustainability, and volunteering in the Middle East North Africa region.

“We are very pleased to establish the Deutsche Bank Middle East Foundation as a stepping stone for an active regional CSR program,” said Henry Azzam, Deutsche Bank’s CEO in the Middle East and North Africa.

Deutsche Bank’s Bauhaus art exhibition in DIFC marked the first step in the Bank’s regional efforts in CSR.-TradeArabia News Service