In the first quarter IKB Deutsche Industriebank AG had a successful start into the financial year 2007/08. The Group expanded its new business by 39% to a new record high in a 3-month period totalling € 4.6 billion. Its main activity on the domestic loan market grew by 29% to € 1.3 billion.
IKB Deutsche Industriebank AG and Deutsche Bank AG (XETRA: DBKGn.DE) are issuing their third joint mezzanine capital programme: equiNotes III. The partners are continuing their offer for small and medium-sized corporate clients who are looking for long-term financing with equity capital character for their further growth.
IKB Deutsche Industriebank AG reported an operating profit figure of € 263 million (up 13.1% year-on-year) for the 2006/07 financial year (1 April 2006 to 31 March 2007), exceeding its original target of € 250 million. The positive trend was due to the higher volume of new business generated, up 13.3% to € 12.8 billion. IKB's total loan volume grew by 8.1%, to € 39.7 billion.
IKB Deutsche Industriebank AG expects the German foundry sector to outperform the manufacturing industry overall. This forecast is predominantly based on sustained growth in demand by vehicle manufacturers and machinery producers, which are the main sectors purchasing foundry products. With their innovative and top-quality products, German foundries are seen as high-performance partners, who are strongly sought after.
IKB Deutsche Industriebank has successfully concluded its first securitisation of a commercial real estate finance portfolio, through its ‘STABILITY’ platform that was specially developed for this purpose. Leveraging the tried-and-tested structure established in the European market under the PROMISE platform, the € 910 million STABILITY CMBS 2007-1 transaction was arranged and placed by Deutsche Bank.
IKB raises operating results by 13.1% to € 263 million for the financial year 2006/07. At 20.6% (2005/06: 18.8%), return on equity exceeded the 20% level for the first time. New business volume grew by 13.3%, to € 12.8 billion.