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

and reserves again stand at DM 55 m. Under the The profit of DM 0.7 m. was used to cover part of
profit transfer agreement, GEFA Gesellschaft für Ab- the loss brought forward. Capital and reserves again
satzfinanzierung mbH received DM 24.1 m. stood at DM 30 m. The expansion of the company's
field staff developed as planned.
The result of EFGEE Gesellschaft für Einkaufs-Fi-
L,b„,,eisicherungs-AG der Deutschen Bank
nanzierung mbH Düsseldod stood at the ~revious
wesbaden, commenced business activity as at sepyear's
level. There is a profit transfer agreement with
tember 1989, Byyearls end, insuranCe applications
GEFA Gesellschaft für Absatzfinanzierung mbH.
with a volume of roughly DM 2.1 bn. had been received,
of which DM 1.3 bn. related to capital-sum life
insurance policies. Premium revenues in 1989
The financing volume of Deutsche Credit Corpora- amounted to DM 12.2 m. As at reporting date, baltion,
Deerfleld, rose 36% to $ 821 m. (DM 1.4 bn.); ance sheet total came to DM 76.2 m.
growth was influenced in particular by the financing For the development of its administrative apparaof
data processing and office equipment as well as tus, an organization fund provided by Deutsche Bank
passenger aircraft and helicopters. Balance sheet AG in the total amount of DM 50 m. is at the comtotal
increased to $838 m. (DM 1.4 bn.).
pany's disposal. In the reporting year, owing to high
Owing to the improved operating result and clearly capital investment, there was a start-up loss of DM
lower provisioning requirements on extraordinary 26.8 m. The company's capital resources including
account, net income for the year rose by about 50% disclosed reserves and organization fund came to
to $ 2.3 m. (DM 3.9 m.). Profits will remain with the
company for its internal strengthening; capital and
reserves will then amount to $ 16.3 m. (DM 27.7 m.).
DM 53.2 m.
Specialized institutions
Deutsche Bank Bauspar-AG, Frankfurt am Main,
reached a balance sheettotal of DM 673 m. (previous
year: DM 323 m.). Its portfolio of building savings
agreements had a total contract value of DM 5.8 bn.,
with net new business of DM 2.3 bn. In 1989, building
savings loans were disbursed for the first time under
awarded agreements in the sum of DM 1.5 m.
Consultancy companies
DB Mergers & Acquisitions GmbH, Frankfurt am
Main, (formerly DB Consult GmbH) generated a fee
volume of DM 22 m. in 1989 with roughly 60 consul-
tancy projects. The company opened offices in Paris
and Milan in the reporting year.
Deutsche Gesellschaft für Mittelstandsberatung
mbH, Munich, successfully handled 250 projects in
its second full financial year and achieved a marked
increase in its counselling work.