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.
IKB Deutsche Industriebank has successfully concluded a further funded securitisation of leveraged loans, through its designated ‘Bacchus’ platform. The "Bacchus 2007-1” transaction is a CLO (collateralised loan obligation ) with a clear focus on the European mid-cap market. Responding to strong investor interest, IKB increased the transaction size of Bacchus 2007-1 from an initial € 400 million, to € 450 million.
IKB Deutsche Industriebank concluded the first nine months of its financial year 2006/07 (1 April to 31 Dezember 2006) with an operating result of € 205 million – an increase of 63.2% compared with the corresponding period of 2005/06.
Today the Supervisory Board of IKB Deutsche Industriebank AG appointed Frank Braunsfeld (42) as a member of the bank's Board of Managing Directors. With effect from 1 March 2007 he will be responsible for the risk management of the bank.
IKB Deutsche Industriebank AG and KfW Bankengruppe yesterday closed the PROMISE-I Mobility 2006-1 transaction, securitising € 2.4 billion in loans to medium-sized enterprises. The exposure was securitised synthetically, allowing IKB to maintain the loans on its books and to continue the related business relationships with its clients.
Deutsche Bank and IKB Deutsche Industriebank have provided a total of 49 small and medium-sized enterprises with approximately € 220 million under their second equiNotes programme. This continued the success of the first transaction in 2005. Deutsche Bank and IKB are preparing the third equiNotes programme for next year.
IKB Deutsche Industriebank has continued to develop very dynamically during the first half (1 April to 30 September 2006) of the financial year 2006/07. The operating result rose by 63.4%, compared to the same period of the previous financial year, to € 139 million.
After a year of project structuring, IKB Deutsche Industriebank AG and Investkredit Bank AG, as mandated lead arrangers, have now fully underwritten a € 110 m senior debt facility for the multi-regional TETRA network for emergency services in Austria. The total financing package includes the senior debt as well as equity. In addition to the two banks, the Austrian Federal Ministry of the Interior (BMI), as the contracting authority, and TETRON Sicherheitsnetz Errichtungs- und BetriebsgmbH as contractor, are involved in this important Public Private Partnership.
Mr. Frank Schönherr, member of the Board of Managing Directors of IKB Deutsche Industriebank AG, has agreed with the bank’s Supervisory Board and Board of Managing Directors to resign from office, with effect from 30 November 2006, to embark on new challenges outside IKB Group. IKB Deutsche Industriebank AG would like to thank Mr. Schönherr for many years of successful contributions.
KfW IPEX-Bank, IKB Deutsche Industriebank AG and Helaba Landesbank Hessen-Thüringen, as Mandated Lead Arrangers, are financing, jointly and at equal shares, the construction of the 750-megawatt hard coal-fired power plant Duisburg-Walsum 10. The respective agreements were signed in Frankfurt today. With a total loan volume of EUR 615 million, the transaction is the largest project financing in the German power sector up to now.