by NR INDRAN / INT

Deutsche Bank today announced that its India branches posted a Profit After Tax of Rs.823 crore for the year ended March 2012, an increase of 31 per cent on the previous year’s figure of Rs.630 crore. Profit Before Tax grew to Rs.1,494 crore an increase of 26 per cent as against Rs.1,190 crore last year.

“Deutsche Bank’s PBT of Rs.1,494 crore up 26% reflects the exceptionally strong performance in FY 2011-12 notwithstanding a challenging global and local economic environment. PAT growth of 31% YoY combined with a 5 year CAGR of 30% per annum has been possible due to Deutsche Bank having built strong & diversified businesses across a highly client-centric organisation in India” says Gunit Chadha, until recently the CEO of Deutsche Bank India and now Co-CEO Asia Pacific & member of the Group Executive Committee.

“As such the Bank saw NIM expansion to 5.7 % which combined with a tight Cost to Income ratio of 41 % and Net NPA/Net Advances ratio of 0.09% meant that the Bank turned in a very impressive performance ,” he added.

The Bank’s retail banking division turned profitable in the current year. This has been achieved in a highly challenging and competitive banking environment. The key to success has been the relentless focus on core businesses, stress on quality and customer satisfaction while maintaining strict cost discipline. Further, Deutsche Bank continues to enhance its retail banking footprint in the country. With the launch of a branch in Ahmedabad recently and Surat to follow, the Bank’s overall branch network will soon extend to 17 branches in 16 locations across India.

During the year, Deutsche Bank increased its Regulatory capital in India by over Rs.455 crore, the fifth infusion since 2007. Deutsche Bank’s capital base in India is at over Rs.6,000 crore reflecting the Bank’s strong India focus.  The Banks’ Capital Adequacy Ratio of 14.1% as at March 31, 2012 reflects its strong solvency standing.

Gross Non Performing Assets (NPA) as a proportion of Gross Advances stood at 1.06% as at March 31, 2012 compared to 1.23% as at March 31, 2011.

The results cover the performance of the India branches of Deutsche Bank and do not include results of other Deutsche Bank Group entities in India covering businesses relating to equity broking, asset management, primary dealership, corporate finance, outsourcing or the NBFC

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