Better asset quality and interest margins see Deutsche Bank’s profit up by 31%
By Neelima Shankar
Jun 20, 2012
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Deutsche Bank registered a 31% growth in is net profits after taxes (PAT). The bank's bottom line stood at Rs. 823 crore for the last fiscal against Rs. 630 crore a year ago. The improvement in the profits is attributed to the better interest margins and improved asset quality.

The income from the operations or net interest income grew from Rs. 1418 crore to Rs. 1808 crore over the year. The interest margins (NIM) also grew by half a percent from 5.2% in 2010-11 to 5.7% in the year ending 31st March 2012.

"The bank saw NIM expansion to 5.7 % which combined with a tight cost to income ratio of 41% and net NPA to net advances ratio of 0.09% meant that the bank turned in a very impressive performance," stated Gunit Chadha, former CEO, Deutsche Bank India.

The bank improved its asset quality by bringing down the provisions towards bad loans to Rs. 12 crore compared with Rs. 85 crore a year ago. The gross nonperforming asset (NPA) as a ratio of total advances was brought down to 1.06% from 1.23% last year.

The deposits for the FY11 grew by 15% at Rs. 14,646 crore. The disbursements reduced marginally from Rs. 28,680 crore to Rs. 28,626 crore.

The Frankfurt based lender increased the capital to over Rs. 6,000 crore adding Rs. 455 crore last year. The capital adequacy ratio (CAR) stood at 14.1%.

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