IKB Deutsche Industriebank is a specialist bank for corporate
financing in Germany and Europe. Its target groups are small and
medium-sized enterprises as well as international enterprises and
private-equity funds.
Düsseldorf, 26 August 2010 IKB: Interim Announcement as of 30 June 2010
In the first quarter of the 2010/11 financial year, the economic effects of the crisis first hit Greece and then infected the entire Euro zone. This led to substantial mark-ups in risk premiums for specific sovereign risks in Europe, as well as for corporate and banking risks – whether covered or uncovered. At the same time, there began a strong recovery, especially on the German economy. Both of these developments are reflected in consolidated results in addition to the lingering negative effects of the implementation of the EU conditions and the payment of guarantee commission to SoFFin.
IKB Financial Reports
Düsseldorf, 1 July 2010 IKB: Results for the 2009/10 financial year
Consolidated net loss (IFRS): € 974 million
Net loss for the year at IKB AG (HGB): € 349 million
Strong opposing extraordinary effects impact consolidated income statement in the amount of € 464 million (net); measurement of equity and liabilities alone leads to losses of € 859 million
Allowance for losses on loans and advances remains at high level
Tier 1 capital ratios: 10.4 % (Group) and 9.9 % (IKB AG)
