Germany-based lender Deutsche Bank reported a 11 per cent increase in profit after tax to Rs 430 crore for the year ended March 31, 2009 as against Rs 386 crore in the previous year.
It today announced that its India branches posted a profit before tax of Rs 909 crore for the year ended March 2009, an increase of 14 per cent on the previous year’s figure of Rs. 795 crore.
Total income rose 18 per cent to Rs 2,901 crore, up from Rs 2,463 crore in the year ended March 2008. Total assets of the bank, as at March 2009, stood at Rs 24,954 crore.
The lender’s net non-performing assets as a proportin of total loans stood at 0.88 per cent.
During the year 2008-09, Deutsche Bank infused Rs 324 crore of fresh tier-I capital, taking its aggregate capital in its Indian branches to over Rs 4,300 crore. The bank’s capital adequacy in India as at end of March 2009 stood at 15.25 per cent as against 13.58 per cent at the end of March 2008.
