Y - Historische Gesellschaft der Deutschen Bank e.V.

The Bank's turnover - excluding turnover with German and foreign credit institutions -
cxpanded by 12 per cent in the year under review. Deposits at the balance sheet date were
entered at 13,r billion; this represents an increase of 5.4 per cent. As in preceding yeass
savings deposits registered a particularly large growth rate (+I 5 .z per cent). ln the year under
review savings deposits for the first time surpassed timc deposits. This reflects the continued
rise in the capacity of large Segments of the population to save and the great care and attention
which the Bank has devoted to the saving business. At Dxr 9.9 billion the volunie of credits
at the balance sheet date was 9.7 per Cent higher than a year before. Advances on December 3 I,
1964 exceeded the level of the preceding year by 7.8 per cent. Bills discounted rose by x 3.5 per
Cent while long-term loans increased by 9.8 per cent. In our endeavour to satisfy the financial
necds of small and medium-sized industries we again made a point, if requested, of finding
appropriate parties willing to participate in small and medium sized enterprises. Strength was
apparent in our ability to offer intermediary mortgage Service. Business in small personal
loans expanded by 8.4 percent in the year under review. Instalment loans outstanding with
our Bank xose by 60.8 per Cent, Losses continued to be negligible.
Notwithstanding the reserve which foreign investors began to display after the capital
yield tax for non-resident holdings of fixed-interest-bearing sccurities had been announced,
the Bank's security business expanded in the year under review. Turnover rosc vigorously
especially in the first six months of the year. Business on the bond market which was very
active througliout the year increased at a faster rate than business in share markets.
TheFund INVESTA issued by the DEuTscrrE GESELLSCHAFT PÜR WERTPAPIERSPARENM.B.H.,
with which we are associated togcther with other banks and bankers, sold around 945,000
certificates in 1964. Thus salcs results of the preceding years werc considerably surpasscd.
The number of certificates outstanding at the end oF the year amounted to around r I million.
The capital of INVESTA totalled DM 678 million. On December j I, I 964 the offering price per
certificate was DM 63.90. Distribution and value increment in respect of 1964 amounted to
8.2 per Cent of the offering price at the end of 1963. The circulation of certificates of the Funds
INTERVES'I' and AKKU~~ILA decreased slightly in the year undcr review.
There was a dccrease in the number of certificates outstanding with the Investment Fund
for European securities VALEUROP of the »EURALLIANCE(( SOCIE.I'E UE GESTION D'INVESTMENT
TRUSTS, S. A., Luxernbouxg, in which the Bank holds a share. The Fund's capital at the end of
the period under review amounted to DM 123 million. At DM 82.40 the offering price at the
end of 1964 was almost unchanged from the end-of-December I 963 level.
The Bank's sccurity issuing business continued to expand in the year under review. This
is true of both the floating of fixed-intexest-bearing securities and the issue of ncw shares, the
subscription prices of which rose again for the first time since 1961. Under the lead of Deutsche
Bank AG conversion loans of a typc so far unlrnown in Germany were floated in the past year
by three leading German industrial concerns. In accordance with international practice the