Mubasher: Before being elected as the president of the US, Donald Trump received more than $2 billion in loans from Deutsche Bank, a news report said.

Trump managed to secure financing from Deutsche Bank during almost two decades, despite his bankruptcies and red flags surrounding him as a risky client by other lenders, The New York Times (NYT) reported on Monday, citing over 20 former and current executives and board members at the German bank.

Trump over-reported his wealth and promised to reward employees at the bank with a weekend at his private club Mar-a-Lago in Florida to secure loans.

For years, he used loans to establish skyscrapers and other luxurious properties, the NYT said, adding that Deutsche Bank’s relation with Trump was vital in building its investment-banking division.

Trump’s relations with the bank went under scrutiny. The New York state attorney general’s office and the Intelligence Committee and Financial Services in Congress have been investigating the president’s financial ties with the lender.