According to the newspaper, in some instances, Trump exaggerated his wealth and promised to reward bankers with a weekend at Mar-a-Lago — his private club in Palm Beach, Florida — in order to get loans.
Over the years, Trump used loans provided by Deutsche Bank to build skyscrapers and other high-end properties, the Times reported. For the German bank, its relationship with Trump was key in building its investment-banking business, the report said.
Deutsche Bank declined to comment on the Times report. The Trump Organization and the White House did not reply to CNBC's request for comment.
Trump's relationship with Deutsche Bank has come under scrutiny in the United States. The New York state attorney general's office and the Democratic-controlled Intelligence Committee and Financial Services Committee in Congress have been looking into the president's financial ties with the German bank.
For the full report on U.S. President Donald Trump's relationship with Deutsche Bank, read The New York Times.
WATCH: Mueller report looms over Trump's Twitter attacks