Deutsche Bank : A global financial service provider its study and analysis
"Deutsche Bank AG (Deutsche Bank) is a global investment bank. The bank offers a wide range of products and services related to investment, financial and other related services. The bank offers its products and services principally to private individuals, corporate entities and institutional clients worldwide. The products portfolio of bank includes debt, equity, and other securities. In addition, it provides corporate advisory, corporate lending and transaction banking services.
Deutsche Bank operates through three group divisions, namely, Corporate and Investment Bank Group (CIB), Private Clients and Asset Management Group (PCAM), and Corporate Investments (CI). The group is headed by Dr. Josef Ackermann since 1996 and employs a workforce of 1, 06,062 personnel as of 2011.
The bank reported interest income of (Euro) EUR 28,779 Million during the fiscal year ended December 2010, an increase of 6.77% over 2009. The net interest income after loan loss provision of the bank was EUR 14,309 Million during the fiscal year 2010, an increase of 45.58% over 2009. The net profit of the bank was EUR 2,310 Million during the fiscal year 2010, a decrease of 53.55% from 2009. The market capitalization of DB, as of April 2011, is Euro 37 Billion with total assets worth over Euro 1.9 Trillion. The key competitors are UniCredit Bank AG, JPMorgan Chase & Co., Bank of China Limited, Commerzbank AG, Credit Suisse Group AG, UBS AG, Barclays PLC, HSBC Holdings plc, Bank of America Corporation, Citigroup Inc.
The bank operates more than 1,977 branches of which Germany includes 983 branches in more than 72 countries in the US, Europe and Asia. The group's Corporate and investment bank (CIB) division reported an increase of 28% in net income before income taxes for the fiscal year ended 2010 when compared to the previous year 2009. The segment reported an income of Euro5,999 Million for the year 2010 where as it was Euro4,314 Million in 2009. Further the group's Private clients and asset management (PCAM) division also reported a net income of Euro989m for the fiscal year ended 2010, which was 33.4% more than that of Euro658 Million earned in 2009.
On December 3, 2010, the group announced that it had gained control over Postbank by acquiring 113.7 Million Postbank shares at Euro1,205m. Post bank is one of the major providers of banking and other financial services in Germany, with Euro240 Billion assets and 1100 branches providing services to 14m customers. Besides, the bank also completed its acquisition with ABN AMRO Bank in Netherlands and Luxembourg-based Sal; Oppenheim Jr. & Cie. S.C.A in 2010.
These acquisitions enables the Group to strengthen its Asset and Wealth Management activities in Europe. The acquisition with ABN AMRO will rank the group as the fourth largest provider of commercial banking services in Netherlands.