Deutsche Bank AG - Historische Gesellschaft der Deutschen Bank e.V.

Management Report of Deutsche Bank AG
Review
The growth in business volume and the improve-
ment of results continued in the 1989 finäncial year.
The operating result increased by 25.6%. Net in-
come for the year amounted to DM 1,006.7 m. after
the inclusion of the Cover required for extraordinary
account and taxexpenditure. DM 450.0 m. of this was
allocated to the revenue reserves. DM 556.7 m. is to
be distributed as dividend.
Business volume
Business volume was up DM 23.5 bn. or 12.0%
compared with 31.12. 1988 to DM 219.5 bn.
Balance sheet total increased by DM 22.7 bn. to
DM 214.7 bn.
Financing balance 1989
Deutsche knk AG
Source of iunds DM Liri
Rise in depasits from honks 5 4
Growth of custuriiers' depusils 15 2
lnc~ease tii caliital aiid reserves 2 8
Otlier suurces 2 1
Total credit extended
Tolal 25 3 25 3
Total credit extended (excl. guarantees and letters
of credit) rose by DM 13.0bn. (+10.7%) to DM 135.2 bn.
Lendings to customers climbed to an aggregate
DM 117.0 bn. Long-term claims, up DM 7.1 bn., increased
more strongly than short and medium-term
items (+DM 6.0 bn.). Long-term lendings, as a proportion
of total claims on customers, rose to 53.6%. Discounts
amounted to DM 6.5 bn.
Claims on our corporate customers expanded by
DM 8.8 bn. to DM 66.7 bn. This included claims on
foreign corporate customers which were DM 3.7 bn.
higher at DM 22.3 bn.
Credit extended to our private customers totalled
DM 47.3 bn. This also covered building loans, which
were up DM 2.3 bn. to DM 26.1 bn. In the reporting
year we referred building financings totalling DM 1.2
bn. to our mortgage banks.
'ShorI nnd mndium term claims on customers t DM 60 bn. long-tcrm chimi on customers I DM 7 1 bn. lsnrlingr to henks - DM 04 bri.. discuurits + DM 03 hn
DM bri Une oi iunds
13 0 rxpansion of total lending'
2.5 lncrflnse in cash reserve
Ais in siihsidiaries. ascociated corripanies
1.7 and trade investnierits
1 .g Othnr iisns