Deutsche Bank net up

Deutsche Bank has reported 63.29 per cent increase in net profit in 2005-06 from its Indian operations to Rs 125.9 crore from Rs 77.1 crore a year earlier. Total income in 2005-06 was Rs 1,164 crore, up 45.82 per cent from 798.2 crore a year earlier.

Interest income from the German bank's Indian branches increased by 55 per cent to Rs 603.7 per cent from Rs 390.1 crore, but its interest expenses have shown only a marginal increase to Rs 368.2 crore from Rs 304.7 crore a year earlier. Its net interest income was Rs 213.6 crore.

The deposits of the bank, which launched its retail banking operations earlier this year, increased by 23.10 per cent to Rs 4,379.8 crore from 3,557.8 crore. Its advances marginally increased to Rs 2,581.7 crore at the end of March 2006 from Rs 2,540 crore a year earlier.

The bank retained Rs 57.1 crore of remittable profits to augment its capital adequacy. Its capital plus reserves stood at Rs 1,311.2 crore at the end of March 2006.

The capital adequacy ratio of the bank's Indian branches was 12.74 per cent at the end of March 2006. The bank's gross non-performing assets were just Rs 8.4 crore. It had to make provisions of Rs 13.5 crore during the year on account of depreciation in investments.