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

At BAI Factoring S.p.A., Milan, the portfolio of
claims from factoring business showed an increase
of Lit 179 bn. to Lit 329 bn. (DM 438 m.).
After formation of legal reserves in the sum of Lit
16 m., net income for the year of Lit 314 m. (DM
419,000) will be carried forward to new account. The
company's share capital stands at an unchanged Lit
5.0 bn. (DM 6.7 m.).
DB finanziaria S.p.A., Milan, a 100% su bsidiary of
Deutsche Bank AG, supplements the range of pro-
ductsand services of Banca d'America e d'ltalia S.p.A.
At year's end, the balance sheet volume came to Lit
382.4 bn. (DM 510 m.); there was a net loss for the
year in the sum of Lit 120.2 m. (DM 160,000). The
company has a share capital of Lit 5.0 bn. (DM 6.7 m.).
The balance sheet volume of Banco Comercial
Transatlantico, S.A., Barcelona, i ncreased 28% to
Ptas. 272.0 bn. (DM 4.2 bn.); the increase came in par-
ticular from claims on customers, which expanded
34% to Ptas. 175.4 bn. (DM 2.7 bn.).
The operating result was improved by 14%. Of the
net income for the year in the sum of Ptas. 1,210 m.
(DM 18.7 m.), Ptas. 770 m. are to be added to reserves
and Ptas. 440 m. distributed as dividend. The capital
increase in October 1989 generated funds amount-
ing to Ptas. 7.7 bn. for the bank; including the addition
to reserves from the result for the year, capital and
reserves total Ptas. 18.9 bn. (DM 292 m.).
Leasing business is transacted through the 100%
su bsid iary Leasing Bancotrans, S.A., Barcelona. Wi th
new business up 62% to Ptas. 11.7 bn. (DM 181 m.), it
increased its volume again substantially in 1989.
Compared with the previous year, the operating
result was more than doubled. Net income for the
year in the sum of Ptas. 132.7 m. (DM 2.1 m.) is to be
used to strengthen capital and reserves, which will
then increase to Ptas. 355.8 m. (DM 5.5 m.).
Currirriercial Lianks
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MoflQaQe trariks
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Banco de Montevideo, Montevideo, Urugua~
raised its balance sheet total to u.N$ 162.2 bn. (DM
343.9 m.). The expansion of volume was well above
the inflation rate of close on 90%. The growth re-
sulted largely from the strong expansion in custo-
mers' deposits to U.N$ 134.4 bn. (DM 284.9 m.).
Loans to companies and private persons
amounted to U.N$76.9 bn. (DM 163.0 m.) after U.N$
45.3 bn. in the previous year. Claims on rhe Uru-
guayan state amounted to U.N$27.9 bn. (DM 59.1 m.).
The operating result, which more than doubled to
U.N$5.7 bn. (DM 12.1 m.), was used largely for the in-
ternal strengthening of the company. After the in-
crease in capital to U.N$ 10.0 bn., carried out in 1989,
capital and reserves came to U.N$12.2 bn. (DM 25.9
m.) at year's end.