Does Deutsche Bank AG support Israel?

Deutsche Bank Aktiengesellschaft was one of four joint book-running managers — with BNP Paribas, BofA Securities and Goldman Sachs — underwriting the State of Israel's $8 billion three-tranche international bond sale of March 2024, which financed the state budget during the Gaza war. Research by Profundo for BankTrack/PAX counted Deutsche Bank among seven banks that underwrote Israel's $19.4 billion in wartime sovereign issuance between October 2023 and January 2025.

Underwrote Israel's $5 billion international bond offering of February 2025 (with BofA Securities, Citigroup, Goldman Sachs and J.P. Morgan) and returned as joint book-running manager on the further $5 billion sale of January 2026 — one of only three banks, alongside BofA and Goldman Sachs, on all three of Israel's wartime dollar benchmarks.

Was among 106 German companies behind the full-page "Never again is now" advertisement in Germany's major Sunday newspapers condemning Hamas's terrorist attack on Israel and declaring a stand against antisemitism; the ad also noted "the suffering of civilians in Israel and Gaza." A corporate statement, not a donation.

Maintains a Tel Aviv office at 46 Rothschild Boulevard through local entity Deutsche Bank Capital Markets and Investments Ltd. In April 2022 Bloomberg reported plans to roughly double the local team to about 20 staff across wealth management, investment banking, corporate operations and institutional trading. A technology center announced by then-CEO John Cryan during a 2018 Tel Aviv visit was never confirmed as opened; the Israel presence remains a small office rather than a development hub.