physician trade deficit turkey 2009 march
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July 1, 2003 to 3.3288 billion rubles. July 1, 2004, the capital – with 294.6 million rubles. trade deficit turkey 2009 march
to 358.8 million rubles.'s assets – with 2.2904 billion rubles. to 3,312.4 million rubles. The loan portfolio increased trade deficit turkey 2009 march
to 1.3573 billion rubles. up to 2.0279 billion rubles., including without MBC – s1228, 0 million rubles. to trade deficit turkey 2009 march
1,901.0 million rubles. The volume of attracting funds for the period from 01.07.2003 till 01.07.2004 increased by 52,5 trade deficit turkey 2009 march
percent. up to 2.5975 billion rubles., including the contributions of the population – at 66.8 percent. up to trade deficit turkey 2009 march
1.5166 billion rubles. On 01.07.2004 the bank complied with all mandatory standards CBR. The value of capital trade deficit turkey 2009 march
adequacy was 15.8 percent., The norm of the instantaneous liquidity – 27,1 percent., The norm of the current liquidity ratio trade deficit turkey 2009 march
– 67.4 percent.
Bank «Dialog-Optim» depositors 1.3 billion rubles In the Bank noted that the problem trade deficit turkey 2009 march
with the early withdrawal of deposits from banks of Russia, which arose in the wake of rush population is predominantly trade deficit turkey 2009 march
of Moscow in nature and, for the most part, does not affect the regions. Thus, from 1 June this trade deficit turkey 2009 march
year on 8 July this year Bank branches «Dialog-Optim» in Moscow only on time deposits were paid to trade deficit turkey 2009 march
919 people, 6 million rubles. In the Office of the organization of services for individuals reflects the severe trade deficit turkey 2009 march
and permanent improvements to private depositors of the Bank in July after a sharp surge in their activity during trade deficit turkey 2009 march
the second and third decade of June this year «The situation was brought under effective control, stabilize and convert trade deficit turkey 2009 march
into a final settlement», stressed in the Bank.
ARB Appeal to media As is known, at present trade deficit turkey 2009 march
the economy Russia is developing rapidly (growth of GDP 7.3% per year). The national banking system of Russia demonstrated trade deficit turkey 2009 march
enviable growth over the past three years (2003: 30-35%), its resource base over the past three years, strengthened by more trade deficit turkey 2009 march
than five times than not can not boast of one other branch of the national economy. Domestic banking system trade deficit turkey 2009 march
is deeply integrated into the global economy and finance. Russia's leading banks have high credit ratings, established by authoritative trade deficit turkey 2009 march
agencies are. Russia's currency reserves have reached 90 billion U.S. dollars. Created and grows a special stabilization fund trade deficit turkey 2009 march
of the Government and Federal budget has a strong surplus. In recent years, has been largely improved Russia's banking trade deficit turkey 2009 march
legislation was adopted important laws on insurance of bank deposits of individuals. Association of Russia's banks and the trade deficit turkey 2009 march
banking community, and scientists – economists believe that at present there are no objective reasons, and even the prerequisites for trade deficit turkey 2009 march
the emergence of Russia's banking crisis. There are only a certain nervousness, caused by the individual cases in the trade deficit turkey 2009 march
everyday life of Russia's banking system However, against this background that some of the statements of representatives of trade deficit turkey 2009 march
the media in the past month consistently provokes an unhealthy situation in the banking market, which in turn causes the trade deficit turkey 2009 march
disproportionate reaction of depositors and customers of commercial banks, which are to the detriment of themselves and the banking system trade deficit turkey 2009 march
spontaneously seize deposits. We, all together – the representatives of power structures, the market and the media must trade deficit turkey 2009 march
understand the measure of their responsibility in building an atmosphere of trust and distrust, which leads to serious results in trade deficit turkey 2009 march
the financial market. Association of Russia's banks and the Central Bank of Russia shall take all necessary measures trade deficit turkey 2009 march
to calm the situation, explaining to customers of banks and market participants to the reality.
Megabank introduced for
Megabank introduced for its customers, entrepreneurs new tariff for cash and settlement services
Megabank for entrepreneurs of small and medium businesses has introduced a new tariff package for cash and settlement services, the business and a promotional ". As the head of the banking Megabank Andrew Onopko, the features of the tariff package are no subscription fees for maintaining the current account, as well as free admission to the current account, receiving cash in the bank's cashier and providing account statements on paper.
A.
Onopko noted that as of May 1 this year Megabank serves about 7.5 thousand customers in small and medium businesses. Number of current accounts of such clients as compared with the beginning of the year increased by 3,5% and the beginning of May amounted to 11.2 thousand. "Now the bank is active in connecting clients entrepreneurs to the system of electronic payments" Client-Bank ", – emphasized A. Onopko.
Information: Megabank "(www.megabank.net) provides financial services to corporate and private clients, operates on the banking market since 1990, the Bank's regional network comprises 192 offices in 25 regions of Ukraine. The Bank serves 336 thousand clients, among which 85 thousand pensioners and recipients of social assistance. As of 01.01.2009, the bank's net assets amounted to 2,9 billion UAH., Credit portfolio – 2,3 billion UAH., Profit for 2008 – 22 million UAH.
The Singapore investment
The Singapore investment company Temasek sold its stake in Bank of America
Singapore state investment company Temasek sold its stake in Bank of America Corp., Which is likely to increase its losses from investments in U.S. and European banks, says Forbes. Temasek was holding 188.8 million shares of Bank of America valued at 2.6 billion dollars after, in January this year changed its 13.7% stake in Merrill Lynch & Co.
In January, the latter was acquired by Bank of America.
Press office Temasek shied away from questions about price and terms of sale of shares. On the eve of the securities in U.S. financial institutions were worth 11.31 dollars apiece, although in March for one share of the bank were given less than 4 dollars. Investment companies in the banking sector have been recognized as a mistake, this also applies to the purchase of the assets of Merrill Lynch in late 2007 at $ 5 billion. Temasek also owns stakes in other financial companies, including Standard Chartered Plc., DBS Group Holdings Ltd. and Barclays Plc.
Ukrsotsbank intends in
Ukrsotsbank intends in 2008 to draw from UniCredit Group 1 billion euros
Ukrsotsbank intends to draw from UniCredit Group 1 billion in 2008. This was reported by the press office of the bank with reference to the chairman of CSS Boris Timonkin.
"We look to international markets and we understand that taking the money now rather expensive. So now actively take the money in the Group, opened the limit this year – about 1 billion euros, – said Boris Tymonkin – Our parent entity stated on the very serious plans for the Ukrainian market – enter the top three of its leaders.
So, naturally, it will support all the necessary replenishment of the resource base. This year we have already drawn up a subordinated debt, will increase capital in the future, and not relying exclusively on the UniCredit Group. In the first turn the matter would be resolved due to the capitalization of our profits. That is the policy of the Bank. not receive dividends, namely the capitalization of earnings, which will increase. Plus, the direct injection of capital, plus, as an operational tool, subordinated debt. "
Information: Ukrsotsbank "(www.ukrsotsbank.com), a part of the largest banks in Ukraine, founded in September 1990. Network Bank has 485 institutions, among them – 27 regional branches and 458 offices. Staff Bank has more than 10 thousand persons.
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Suitable location of the building and modern workplaces, allowing to carry out mortgage transactions will be appreciated by justin bowman niles, ohio bank
existing and potential customers of the Bank. Our proposals on the mortgage market will become even more accessible to justin bowman niles, ohio bank
Muscovites and all Russians », – considers the President of the Board of KB« MIA »Andrey Krasnov. The justin bowman niles, ohio bank
new coordinates and mode of operation from 21.05.07 Service retail lending Reception and consultation of individuals justin bowman niles, ohio bank
on mortgage lending from 09.00 – 18.00 Monday – Thursday, from 09.00 – 16.45 Friday (Saturday, Sunday – days off). justin bowman niles, ohio bank
Telephone Service: (495) 380-20-38, 380-30-40. Old address: 127030, Moscow, st. 4-I Backbone, 11, page 2 from justin bowman niles, ohio bank
21.05.07 is not valid. On the relocation of other services KB «MIA» to the new address will be justin bowman niles, ohio bank
reported separately.
«LLC FCRB» launch new mortgage products to buy suburban real estate In particular, the justin bowman niles, ohio bank
credit line includes loans for the purchase of suburban real estate as in the secondary market and the construction phase, justin bowman niles, ohio bank
as well as loans to improve housing conditions under the pledge house. The maximum amount of credits – $ justin bowman niles, ohio bank
1 million U.S., payment terms – up to 25 years. Rates vary from 11% in rubles and from 10,5% justin bowman niles, ohio bank
in dollars U.S.. The Bank also improved the conditions for the current mortgage lending program by reducing the justin bowman niles, ohio bank
rate of rubles to 11% and reducing the cost of credit: Commission for opening the loan account is not more justin bowman niles, ohio bank
than 1 000 dollars U.S.. The bank expanded the target audience of mortgage products: now «OOO FCRB» serves all category justin bowman niles, ohio bank
of borrowers.
«ICICI Bank Eurasia», in cooperation with the Bureau of Independent Mortgage offers mortgages on suburban 9,75% justin bowman niles, ohio bank
pa As you know, rates on loans for the purchase of suburban real estate, on average, a couple justin bowman niles, ohio bank
of points higher than the city. Under a joint program of the above rate for different categories of borrowers justin bowman niles, ohio bank
will not exceed 11% per annum. And this is the maximum term of the loan in 20 years. justin bowman niles, ohio bank
«From NBIK we share a long history of successful relationships that we are trying to reinforce the actual loan justin bowman niles, ohio bank
programs that meet the needs of clients», – commented on Vinod Easvaran, Head of Retail Banking «ICICI Bank Eurasia». justin bowman niles, ohio bank
Also, much reduced and the size of the initial assessments. For customers NBIK minimum amount of down payment was justin bowman niles, ohio bank
reduced to 15% – for employees, and 20% – for business owners. For borrowers who turn in «ICICI Bank justin bowman niles, ohio bank
Eurasia» not through NBIK, the fee remains at 25% and 30% respectively. And for most mortgage lenders are the justin bowman niles, ohio bank
norm contributions in the amount of 30-40% of the value of a country house. «This is comparable with justin bowman niles, ohio bank
the rates that banks offer in spetsaktsy. Yes, and then bail is not country houses and city apartments », justin bowman niles, ohio bank
– said Paul Komolov, Director of Sales NBIK. «Now the competition between banks for borrowers is quite large, justin bowman niles, ohio bank
and the process of switching to the market town real estate is quite logical – the program commented Natalya Orlova, justin bowman niles, ohio bank
Head of suburban real estate agency real estate« New Town ». – At present, get a loan for a justin bowman niles, ohio bank
country house or plot is not easy. And if a bank, who knows how to work with the land justin bowman niles, ohio bank
and cottages, is perfectly ».
MIAN-real estate agency and KB «SDM-BANK» open new possibilities mortgage The justin bowman niles, ohio bank
program is mainly aimed at buyers who want to improve their living conditions through deals with existing properties, and allows justin bowman niles, ohio bank
you to do so with no down payment, payments for insurance facility, its assessment, the Commission on realtors services – justin bowman niles, ohio bank
all significant overhead costs have already been laid in terms of lending.
The volume of
The volume of deposits, depositors of "hyperlink", for 4 months. year increased by 28%
The volume of deposits, depositors in Megabank, in January-April 2009 increased by 28% and reached 130 mln.
The most popular for this time enjoyed the contributions of "Investment", one-year maturity and interest rates 23% – in grivna, 14,5% – in U.S. dollars and 11,5% – in euros, as well as the "Savings", a term placement of four to eighteen months, with interest 20% – 22% in grivna, 12,5% – 14,2% – in dollars and 8% – 11,5% – in euros.
According to the deputy chairman Megabank Victoria Podgorna, the trend increase in borrowed funds demonstrates, above all, the confidence of investors in general to the banking system of Ukraine and, in particular, to Megabank.
She noted that the bank pays great attention to developing their products, and the above figures show the competitiveness of proposals Megabank. "The Bank shall apply all possible measures to improve services to its clients, whom he greatly valued and understand about their problems", – underlined V. Podgorny.
Information: Megabank "(www.megabank.net) provides financial services to corporate and private clients, operates on the banking market since 1990, the Bank's regional network comprises 192 offices in 25 regions of Ukraine. The Bank serves 336 thousand clients, among which 85 thousand pensioners and recipients of social assistance. As of 01.01.2009, the bank's net assets amounted to 2,9 billion UAH., Credit portfolio – 2,3 billion UAH., Profit for 2008 – 22 million UAH.
Interbank dollar rose
Interbank dollar rose
May 22, 2008 quotes in the interbank currency market of Ukraine started with the following levels: USD / UAH – 4,7000 / 4,7900, EUR / UAH – 7,4130 / 7,5300, RUB / UAH – 0,1999 / 0,2030 . Such abrupt changes in the formation rates with the opening of the trading day were the result of strengthening the National Bank of the hryvnia – the official rate was set at 4.85 UAH per 1 USD.
As reported in UABanker.net AKB Unex ", with the hope of returning to the regulation of NBU rate sellers pulled their courses to a formal bid" bid "began to rise and equalize quotation marks to 4.7500 / 4.7900.
The market marked predominance of demand or supply was not, but farther down the course to marks 4.7100 / 4.7600. Quotes ended at 4.7600 / 4.7900. At the tender remain unmet requests for sale and the market went out the National Bank of Ukraine to buy the dollar at the rate of 4,800 / -. This is the first official purchase of the NBU in the interbank market the dollar this year.
Levels of the European currency rose today. The appreciation of the euro against the dollar on the international market and balancing the conjunctures of our beginning to raise the rate EUR / UAH, in the midst of the trading session, he stood at 7.4700 / 7.5190. Then the number of customers began to decline and the rate dropped to levels of 7.4200 / 7.5000 at the end of the session quotes went up and closed on a mark 7.5000 / 7.5480.
Bidding on Russia's ruble began in high demand and quotes rushed up to the levels of 0.2008 / 0.2025, the bulk of trades took place near these marks. Toward the end of auction rate began to fall – 0.1998 / 0.2015, but later went up. Culminated quotes at 0.2013 / 0.2020.
Difficult situation with liquidity continues to keep the interbank lending market tension. Odds overnight traded within 22% / 30%, rates on a monthly inter-bank loans are quoted at 28% / 35%. Interest rates on dollar loans rose to levels: "overnight" – 4,8% / 7% a month – 7,0% / 10%, considerably exceeds demand over supply.
On the international market, the currency pair EUR / USD 1.5816 level reached in the morning, and then fluctuated between 1.5724 / 1.5780. European Central Bank kstanovil rate 1.5755.
banaeem dorothy kinsey unclaimed money
banaeem dorothy kinsey unclaimed money
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Prokhorov (1) 15:14 dollar actually continuously it becomes cheaper on FOREX and [MMVB] 15:13 A. Kudrina: Packet of dorothy kinsey unclaimed money
corrections into the budget of 2008-2009[gg]. for the support of the financial market will be accepted in October 15:10 in. dorothy kinsey unclaimed money
Putin it directed TsB and Minfin (Ministry of Finance) to work a question about an increase in the guarantees concerning dorothy kinsey unclaimed money
the bank contributions 15:09 the fixed rates on the mortgage they grew in Britain in response to the market crisis dorothy kinsey unclaimed money
15:07 the clients Of [uBRiR] they can participate in the sequential competition [RTS] “best particular investor” 15:05 “healthy” reductions – dorothy kinsey unclaimed money
new proposal from HandyBank 15:01 [v]. Putin it considers that there are no reasons to employ means of reserve funds dorothy kinsey unclaimed money
for the support of the financial market the 15:01 OF [OTP] bank and the society “of dynamo” begins joint project dorothy kinsey unclaimed money
14:21 Minfin of the USA he wants to bath not only mortgage the 14:19 of China jar carefully they relate dorothy kinsey unclaimed money
to the expansion 14:15 [MDM]- bank introduces into the action new urgent contribution “[MDM]- effective investment” 14:11 credit crisis creates dorothy kinsey unclaimed money
the threat of an increase in the number of defaults in the developing countries, first of all – in Russia dorothy kinsey unclaimed money
and Kazakhstan 14:10 fund Asia completed day with increase on the news about the measures of the U.S. Government 14:03 dorothy kinsey unclaimed money
morning positive attitude on the equity market RF it was in the daytime changed into the mixed dynamics 13:32 rate dorothy kinsey unclaimed money
of change for tomorrow the 13:27 Of [promsvyazbank] and the company SAS Of [rossiya]/[SNG] they report about the beginning of dorothy kinsey unclaimed money
collaboration the 13:23 of rally on the stock markets for the developing countries it continues the 13:21 of investment into dorothy kinsey unclaimed money
the objects of leasing they are not equal to investments into the basic means the 13:15 Of [polson]: foreign banks dorothy kinsey unclaimed money
can use a plan of government 12:56 the group of deputies and Council members of federation it introduced into the dorothy kinsey unclaimed money
State Duma bill about an increase in the size of insurance compensation on the bank contributions of citizens to 700 dorothy kinsey unclaimed money
thous. rub. (5) 12:55 oil rises in price the fourth day on the expectations of an increase in the demand dorothy kinsey unclaimed money
the 12:43 OF [RPS] “gold crown” it headed new director the 12:41 Of deltaCredit it starts unique mortgage program Delta[Ekonom] dorothy kinsey unclaimed money
12:31 the fate Of lehman Of brothers they will solve Barclays and Nomura 12:29 “credit for the acquisition of small dorothy kinsey unclaimed money
size vessels” from “first republic bank” ([PRB]) (3) 12:21 equity market it stirs at the levels, close to closing of dorothy kinsey unclaimed money
Friday 12:17 fund tradings in China on September 22 were completed by an increase in the index Of shanghai Of dorothy kinsey unclaimed money
composite to 7,8% 11:54 tradings in Europe they were opened in “minus” 11:46 fund tradings in Of Japan on September dorothy kinsey unclaimed money
22 they were completed by an increase in the index Of nikkei against the background of the news from the dorothy kinsey unclaimed money
USA 11:44 the volume of transactions at the auction OF TURNIPS it was 146 billion 973,73 mln rubles., weighted mean dorothy kinsey unclaimed money
rate – 7,15% annual 11:43 Russian standard enlarges the geography of branches 11:37 to the Moscow network Of [rayffayzenbanka] it dorothy kinsey unclaimed money
was added the largest office “of Moscow City” 11:33 on [MMVB] increase it was changed into drop (7) the 11:33 dorothy kinsey unclaimed money
of price on the dwelling in Britain they fell in September 11:32 [NOMOS]- BANK increased the maximum sum of credits dorothy kinsey unclaimed money
for the small business to 80 million rubles 11:27 TsB RF it registered the [debyutnyy] release of the bonds Of dorothy kinsey unclaimed money
[gazenergoprombanka] by 3 billion rubles the 11:25 OF [OOO] “BANK [FININVEST]” it changed conditions on the action “contribution “treasure” 11:23 dorothy kinsey unclaimed money
Alpha– bank it concluded partner agreement with the insurance company Of [kardif] the 11:20 of joint stock company “Of [intekhBank]” dorothy kinsey unclaimed money
introduces the new program of auto-crediting (1) the 11:16 Of [uBRiR] were occupied 17 place among the largest banks of dorothy kinsey unclaimed money
Russia by the volume of the given out in the I half-year [bezzalogovykh] credits the 11:12 OF [FSFR] it permitted dorothy kinsey unclaimed money
professional members to fulfill commissions to sale of securities, acquired within the framework [marzhinalnykh] transactions to the stopping of tradings dorothy kinsey unclaimed money
on September 17 (1) 11:11 administration for financial services it searches for those desiring to purchase Bradford & Of bingley dorothy kinsey unclaimed money
11:10 gold again begins to draw [Tsentrobanki] of peace the 11:09 Of fannie Of mae it declared about the reorganization dorothy kinsey unclaimed money
10:51 America it said good-bye to the twelfth bank 10:48 TsB RF it can increase the volume of the transactions dorothy kinsey unclaimed money
of straight one-day TURNIP to 700-800 billion rub. – A. [Ulyukaev] 10:47 index [MMVB] during the discovery of tradings grew dorothy kinsey unclaimed money
by 4,73% 10:45 Russian equity market it was opened by increase, the index [RTS] of above 1300 points 10:25 Minfin dorothy kinsey unclaimed money
RF will conduct 22, 23 and on September 24 auctions on the arrangement of the means of Federal Budget to dorothy kinsey unclaimed money
the bank deposits, the maximum volumes – 600 billion rub, 200 billion rub and 300 billion rub the 10:23 OF dorothy kinsey unclaimed money
[FSFR] abolished prohibition for conducting of [marzhinalnykh] transactions 10:14 the markets of Europe they will be opened in the crosswind dorothy kinsey unclaimed money
09:54 prohibitions to short sales of actions they are extended throughout the world the 09:49 of the owners of the dorothy kinsey unclaimed money
plastic maps “of VUZ $$rtvuz – Institute of Higher Education- bank” it became 1,5 times more 09:34 A.
Bank again gives
Bank again gives tens of billions
Yesterday at the two auctions direct REPO Central banks provided funds amounting to 60.6 billion rubles. (47.8 billion rubles. In the morning and 12.8 billion rubles. In the evening). On the eve of Wednesday the need for credit institutions in the money was modest: only 7.8 billion rubles. According to market participants, banks are beginning to tax payments, the peak which occurs at the end of the month, so in the next few working days the Bank of Russia will only increase the volume of transactions. "And the banks themselves and their clients in October – November conduct annual payments for taxes, so the need for liquidity grows", – said Head of deposit operations Promsvyazbank Eugene Voroshnin.
In late August, when, due to the mortgage crisis in U.S. rates in the interbank lending sector grew both abroad and in the domestic market, Russia's banks are held daily at the Bank of hundreds of billions of rubles.
Peak demand fell on 28 August, when the volume of repo transactions amounted to more than 272 billion rubles. In September, first deputy chairman of the Central Bank Alexey Ulyukayev predicted that in October – November daily need of banks in the money can grow up to 300-400 billion rubles., And the Central Bank began to prepare for action. For two months mortgage list (the list of securities taken by the Bank of Russia to bail on the repo) has been significantly expanded. And from October 11, the Central Bank for three months, more than halved the norm of compulsory redundancy and began issuing loans on the security requirements for borrowers. The uncertainty in foreign markets began to decline, and in early October, the Central Bank for the first time recorded the flow of funds to Russia, adding to reserves by $ 10 billion
Market participants noted that to date the situation was even better than predicted Bank in September. According to director of finance department BIN Alexei Kitaev, many banks have ceased to interbank lending in August, to resume issuing loans (yesterday MIBOR was 6,29%). "The situation looks much better than in August, so probably should not be expected that the daily volume of liquidity will be higher than in August," – says Mr. Kitaev. According to Eugene Voroshnin, the market took a significant amount of IBC's "daughters" of foreign banks – JP Morgan, Raiffeisen Bank, International Moscow Bank.
Foreign banks enjoy the moment: in Russia the market situation is more healthy than the Western, said Eugene Voroshnin. "Despite the fact that we have a rate higher than overseas (dollar LIBOR yesterday amounted to 5,01%), in international markets is difficult to get loans, so these banks are credited here," – explained Mr. Voroshnin. In addition to the Central Bank, loans to banks through repo operations provides Gazprombank, issued yesterday, about 30 billion rubles.
Experts expect that the actions of the Central Bank to prevent a liquidity squeeze will allow banks to safely wait until the tax payments back into the economy. Projected Eugene Voroshnin, until the end of the cost of interbank lending will not go beyond the corridor of 5-8%, which is lower than the peak days of August and September. And in the last days of October the volume of repo transactions with the Central Bank is unlikely to exceed 200 billion rubles., Summarized the experts.
Deutsche Bank is
Deutsche Bank is betting on M & A
Deutsche Bank is one of the leading banks in the area of mergers and acquisitions in Europe. However, in the U.S. German bank has yet to reach its goals. This management team of M & A is not going to emulate American competitors. Details bank's strategy in this direction Correspondent Handelsblatt found in Stefan Leitner, recently headed the European division of Deutsche Bank in the field of M & A.
Net profit of Deutsche Bank AG, Germany's largest bank, in the first quarter of 2007 grew 30% to 2.12 billion euros against 1.64 billion euros, received a year earlier.
Revenues increased by 20% to 9.6 billion euros.
"We want to take a respectable place among the largest five banks," – says Mr. Leitner. According to research firm Dealogic, last year, Deutsche Bank worked on the yield of the lines (564 million) fourth place in Europe after Morgan Stanley, Goldman Sachs and JP Morgan. In 2005, this list Deutsche Bank was only in eighth place (306 million dollars).
According to the annual report, in 2006, revenues at Deutsche Bank in the field of M & A worldwide amounted to 783 million euros, up 30% more than a year earlier. Magnitude of profit, Mr. Leitner did not mention, but stressed that "the consulting business is quite profitable."
Business Development M & A is part of the strategy group head Josef Ackermann, who intends to make Deutsche Bank one of the leading investment banks in the world. In the area of lending that has already been made: in the organization of German bank loans is one of the leaders. In the area of M & A still have something to work. In the first place in the U.S. – at a crucial market for investment banking activities.
In Europe, according to Stefan Leitner, a business unit within the norm. As with the entire industry, in 2006, Deutsche Bank benefited from a wave of mergers in the German and European industry. Despite the fact that the euphoria of mergers in the first quarter subsides, Mr. Leitner managed to attract new customers. In particular, the German bank advises the British Barclays to acquire the Dutch ABN Amro.
Mr Leitner believes that the bank's strong position not only in Germany, but also a meaningful British market, as well as in Spain, Scandinavia and even Russia. In Italy and France, by contrast, the bank has not yet reached its goals. There, in the past few years, Deutsche Bank is continuously increasing number of experts to work with corporate clients.
Another business model is taken as a basis for some U.S. banks, which during the boom of mergers to actively promote its services on the market, and during the recession are concentrated in other areas. Deutsche Bank denied such a strategy. German bank also refuses to concentrate on a few "star" bankers. Mr. Leitner is betting on 15-20 managing directors – the largest hierarchical layer in the sphere of investment banking services.
