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)
Düsseldorf, 9 February 2010 IKB International S.A.: Annual financial statements 2009/10 prepared – loss participation by silent partner contributions
The Board of Directors of IKB International S.A. has prepared the Bank’s annual financial statements for the 2009/10 financial year ended 31 March 2010 and submitted them to its General Meeting for approval. The preparation of the annual financial statements means that the conditions for calculating the loss participation of the silent partner contribution of IKB S.A. that ended on 31 March 2010 and the silent partner contribution due for repayment on 17 November 2010 have now been defined. These are explained below.
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