News
Ad hoc release
KfW will assume all risks that IKB has taken vis-à-vis Rhineland Funding. In addition, KfW will assume expected possible losses up to € 1 billion from risk-exposed positions on the IKB balance sheet. With this risk backing IKB gets a sustainable risk relief.
IKB Annual General Meeting postponed
Due to the current developments, the Annual General Meeting originally planned for 30 August 2007 in Berlin will be postponed into the fourth quarter of this year.
KfW backs IKB
IKB Deutsche Industriebank AG (IKB) has felt the impact of the crisis in the US sub-prime mortgage market, as spreads widened sharply during last week's violent fluctuations, causing massive uncertainty amongst institutional investors.
Preliminary results for the first quarter (1 April 2007 - 30 June 2007)
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.
EquiNotes III: IKB and Deutsche Bank offer mezzanine capital for companies with annual turnover starting from € 10 million
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 maintains stable growth trend in the 2006/07 financial year
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.
Ongoing globalization in the international foundry industry
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 completes its first securitisation of a commercial real estate finance portfolio
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 financial year 2006/07: Operating results increased by 13.1% to € 263 million
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.