Deutsche Bank 1 - Historische Gesellschaft der Deutschen Bank e.V.

and medium-term credit to Philippine trade and industry
with special emphasis on the development aspect.
Together with other member banks of SWlFT (Society
for Worldwide lnterbank Financial Telecommunication)
we have pushed further ahead with the international
standardisation of the communications network for in-
ternational payment transactions. Roughly 250 banks
from 15 countries have now joined the Computer asso-
ciation.
Lively activity of our subsidiary in Luxembourg
Despite difficult conditions on the Euromarket, the
Compagnie Financiere de la Deutsche Bank AG,
Luxembourg, had a very satisfactory year. The balance
sheet total in the 1973174 business year (as per 30. 9.)
rose by 39.3% to the equivalent of DM 5.8 bn. The insti-
tution was again chiefly engaged in money market and
international lending business. The volume of credit ex-
tended increased by DM 1.7 bn. to DM 3.5 bn.
The steady expansion of its business has prompted us
to make a further increase in our Luxembourg subsidi-
ary's own funds. Following the allocation to the reserves
out of the year's net earnings the company's capital and
published reserves now amount to roughly DM 100 m.
Steady growth of EBlC
The importance and growth of EBlC- European Banks
International - are reflected in the combined balance
sheet total of the partner institutions amounting to US$
107.4 bn. (end of 1973) as compared with US$ 87.7 bn.
(end of 1972). At that time the EBlC banks- Amsterdam-
Rotterdam Bank N.V., Amsterdam, Banca Commerciale
ltaliana S.p.A., Milan, Creditanstalt-Bankverein, Vienna,
Midland Bank Ltd., London, Societe Generale, Paris, So-
ciete Generale de Banque S.A., Brussels and Deutsche
Bank AG - had over 9,450 (9,350) branches and em-
ployed a staff of more than 187,000 (178,000).
The Board of Directors of EBlC and the European Advi-
sory Council - with identical membership - are made up
of the following members:
J. R. M. van den Brink
C. F. Karsten
Amsterdam-Rotterdam Bank N.V.
A. Monti
A. Righi
Banca Commerciale ltaliana S.p.A.
H. Treichl
G. N. Schmidt-Chiari
Creditanstalt-Bankverein
W. Guth
F. H. Ulrich
Deutsche Bank AG
L. C. Mather (until 19. 9. 1974)
Sir Archibald Forbes (from 20. 9. 1974)
E. J. W. Hellmuth (until 4. 12. 1974)
M. G. Wilcox (from 5. 12. 1974)
Midland Bank Limited
M. Laure
J. Richard
Societe Generale
R. Alloo
P. E. Janssen
Societe Generale de Banque S.A.
EBICLEASE was introduced as a special service within
Europe to supplement the EBICREDIT. This provides ex-
Porters in the partner countries with an additional meth-
od of financing in cross-frontier leasing business.
In the personnel sector, the join