IR Releases - Archive

April 6, 2000

Deutsche Bank Group 1999


  • Merger process with Dresdner Bank broken off
  • Excellent start in year 2000: profit before taxes in first quarter up by more than 50 %
  • Net income rises by 49% to record level of EUR 2.6 bn
  • Net commission income (+ 52.2%) exceeds net interest income (EUR 6.6 bn) by EUR 1.5 bn
  • Trading profit (+ 168%) on all-time high (EUR 4.8 bn)
  • General administrative expenses increase by 55.6 % to EUR 15.7 bn; adjusted for first-time consolidation and currency changes + 15.4 %

Merger talks with Dresdner Bank were called off yesterday mainly because of disagreement with the integration of the investment banking activities. Deutsche Bank will continue to pursue its shareholder value-creating dual focus and e-commerce strategies. Also. it will consequently go on with its consolidation strategy in retail banking.

The Consolidated Financial Statements for the year 1999 are affected significantly by the first-time consolidation of Bankers Trust in particular. that had a major impact on net commission income and general administrative expenses. Instead of the traditional operating profit we are reporting for the first time in line with global practice. profit from ordinary acitivities. It includes net income from investments as well as the balance of other income/expenses from ordinary activities. With a very successful development in 1999 Global Corporates and Institutions (GCI) stands out from our five Divisions. Profit from ordinary activities before taxes more than quadrupled in GCI. despite of high goodwill amortization and restructuring expenses that had to be absorbed.

1. Key figures

1.1.-31.12.1999
1.1.-31.12.1998
Change
Return on Equity (RoE) before tax
- excl. goodwill amortization
- incl. goodwill amortization
23.3%
20.8%
25.9%
24.8%
-2.6%-points
-4.0%-points
Diluted earnings per share
- excl. goodwill amortization
- incl. goodwill amortization
 EUR 4.86
 EUR 4.09
  EUR 3.50
  EUR 3.17
  EUR + 1.36
  EUR +0.92
Cost/Income Ratio
- excl. goodwill amortization
- incl. goodwill amortization
73.6%
75.6%
69.1%
70.2%
+4.5%-points
+5.4%-points
Net interest margin
1.46%
1.56%
-0.1%-points


31.12.1999
31.12.1998
Change
BIS core capital ratio
5.9%
6.3%
-0.4%-points
Risk weighted assets and market risk positions (BIS)
 EUR 292.6 bn
 EUR 254.2 bn
+15.1%
Total assets
 EUR 839.9 bn
 EUR 626.6 bn
+34.0 %
Loan volume
 EUR 284.1 bn
 EUR 248.6 bn
+ 14.3%

Total loan loss provisions

in % of loan volume

 EUR 7.9 bn
 EUR 7.2 bn
+9.7 %
2.8%
2.9%
-0.1 %-points
Capital and reserves
 EUR 23.1 bn
 EUR 17.6 bn
+ 31.2%
Market capitalization
 EUR 51.4 bn
 EUR 26.8 bn
+91.8%

Staff
in Germany
abroad

93 232
51 273
41 959
75 306
48 742
26 564
+23.8%
+5.2 %
+58.0 %

2. Audio-visual possibilities

Internet

The speeches of Dr. Rolf-E Breuer and Dr. Clemens Börsig at the Analyst Meeting in English will be broadcasted live via internet at 2 p.m. (CET). Please visit the Deutsche Bank Investor Relations Website here and click the specially marked event.

After the live broadcast the presentations will be available as a download video-on-demand from 8 p.m. (CET) onwards.

Annual Report 1999

The full Annual Report for 1999 is available on 6 April 2000, from 10.30 a.m. (CET) onwards.




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