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: Despite facing turbulent times and challenges ahead, German entity Deutsche Bank has managed to have a successful balance sheet.

Building on its dominant global markets business like debt, derivatives and leading transaction banking franchises, Deutsche Bank group has made significant market share gains in onshore investment banking, institutional equities broking, asset and private wealth management.

For the year ended March 2008, Deutsche Bank posted a profit before tax of Rs 789 crore, as against Rs 405 crore the previous year, portraying an increase of 95%.

The bank’s profit after tax during the reporting year grew to Rs 386.11 crore, as against Rs 218.22 crore the previous year, showing an increase of 77%. Total income increased 51% to Rs 2,461.71 crore, up from Rs 1,625.37 crore in the year ended March 2007.

The bank’s total assets jumped 40% to Rs 24,713 crore from Rs 17,715 crore the previous year.

Gunit Chadha, managing director and chief executive officer of Deutsche Bank, India says, “Our financial results reflect the robust growth momentum of our business franchises as we continue to scale up our investment and commitment in the country and embed ourselves further into India. We have a large proportion of fee-based income. The bank’s product-suite has a strong focus on intellectual capital. It is easier to write a check than have a client accept a risk management solution or M&A advice or when to access public capital markets, said Chadha. “The strong growth in our profits has come from an all round performance by our various businesses in India, he added.

Reflecting the increased commitment to invest in and support a rapidly transforming corporate India, Deutsche Bank’s total advances increased 81% to Rs 8,960 crore from Rs 4,945 crore, while total investments grew 64% to Rs 10,171 crore, against Rs 6,204 crore during the previous period.

Deposits surged by 97% to Rs 13,755 crore as against Rs 6,978 crore.