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Its principal activity was trade financing , but together with English and French banks, it also played a role in the underwriting of bonds for the Chinese government and in the financing of railway construction in China. Deutsche-Asiatische Bank was founded in Shanghai on 12 February with the participation of Deutsche Bank , one of the largest banks in Germany. It set up branches in Calcutta ,  Tianjin ,  Hankou ,  Tsingtao ,  Hong Kong ,  Yokohama ,  Kobe ,  Singapore ,  Peking ,  Canton  and Tsinan In , it received the concession to issue its own banknotes in China. In , the bank was called " Deutsche Bank Asia " after the partner banks withdrew from their participations.
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European Asian Bank AG v Punjab and Sind Bank: CA 1983
Deutsche Bank – History
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European Asian Bank Building 歐亞銀行大廈
Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets. Deutsche Bank established its first foreign branches in Shanghai and Yokohama. Both branches had to be liquidated due to losses in the silver trade in Deutsch-Asiatische Bank opened its main branch in Shanghai. Further branches were established in China before the First World War.
The court heard a claim by the appellant bank against the issuing bank of a deferred payment letter of credit. The appellants had negotiated the credit by paying its discounted value to the Beneficiary. Between that date and the maturity date fraud, or alleged fraud, on the part of the Beneficiary was discovered and the issuing bank denied liability under the credit. Held: There was no arguable defence and the court entered a summary judgment against the issuing bank. On the evidence the issuing bank had unequivocally represented to the appellants that they were entitled to act as negotiating bankers under the credit and that they would be paid as negotiating bankers on the maturity date.