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Mar. 16 (LBO) – Deutsche Bank AG's Colombo branch plans to scale up its presence here by luring big corporates and multinationals to use their state of the art cash management and electronic banking system. "We have no plans to do retail banking in Sri Lanka. But we want to grow our business by focusing on global markets and transactions business, offering innovative solutions to bluechips and multinational based here," the bank's Chief Country Officer, Stefan Mahrdt told journalists on Thursday.

He said the bank's electronic banking platform db-direct is integrated with the enterprise resource planning software, SAP, and already found ready takers among top customers like Dialog Telekom, Bodyline (Pvt) Ltd and the John Keells Group.

Having SAP links built into the 'db-direct' internet system allows customers to conveniently process payments, automate bank reconciliation by using a single access point, explained Thomas DuCharme, Asia Pacific Regional Head of Deutsche Bank.

Customers can also view all their bank account statements, cash reporting and other related account information online.

Todate, SAP has sold around 20-25 systems to mid sized and large Sri Lankan companies, says