Ronaldoh Schmitz, member of the board of managing directors of Deutsche Bank, says, "Many merchant bankers advised us to take the IPO route for Deutsche Software, currently valued at US $ 1.5 billion. But we've decided against it as we want the company to remain a part of and within us." Deutsche Software is engaged in preparing solutions for the entire global operations of its parent, Deutsche Bank.

Increasing its presence in the Indian market has remained a matter of debate for Deutsche Bank. Despite a good run in the country, it is not planning any additional branches for the present. "We will operate out of our existing branch in Delhi and willt ry to expand our client base by getting in more multinationals and corporates to bank with us," Schmitz said.

The south-east Asian financial crisis had stalled Deutsche Bank's expansion in the region. "However, things are now coming back to normal and over the next few years, we are looking at making some big acquisitions in the region," Schmitz said.

The bank's total regular income has grown from DM 18,493 million in 1994 to DM 24,273 million in 1998. Net interest income has dropped from DM 11,299 million to DM 10,833 million while net commission income has nearly doubled from DM 5,596 million to DM 10,387 million during the same period. Trading profit has grown three-fold - from DM 1,039 million to DM 3,469.

With 1,400 branches in Germany, over 200 in Italy and in Spain and numerous branches in other European countries, Deutsche Bank is the largest bank in the 11-country euro currency zone. It's services include payment services, all kinds of savings and investments, credits, corporate finance including securities issues, as well as trading in securities, foreign exchange and derivatives. The bank also supplies building and loan facilities and a wide range of insurance products.

Introduction of the single currency has propelled banking operations in the zone. "Introduction of the euro represents a quantum leap towards a common European financial market. The Euro promises major opportunities for investors and companies," Schmitz said.

The company, he added, has embarked on a four-pronged strategy for growth, which includes fostering brand recognition, promoting the bank's business ventures, creating an image of involved, responsible corporate citizenship and encouraging others to talk positively about Deutsche Bank.