IKB News
Results of IKB Deutsche Industriebank AG for the first half of 2023: solid corporate customer business in a demanding environment
2023/08/18, Company
- Consolidated net income before tax improved to €36 million
- Return on equity (RoE) after tax increased to 7.9%
- Administrative expenses of €77 million slightly below prior year
- Cost/income ratio (CIR) of 66% (normalised: 57%)
- Resilient loan book: risk provisions of €12 million and NPL ratio (EBA definition) of 1.8%
- CET 1 ratio (fully phased) of 15.7%
- Comfortable liquidity position with free available liquidity reserve of €1.3 billion
- Leverage ratio (fully phased) of 6.4%
- Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: "Business with our mid-cap corporate customers developed well in the first half of 2023. We're on track to hitting our targets for the full financial year."
Results of IKB Deutsche Industriebank AG for the 2022 financial year: resilient earnings in a volatile market environment
2023/03/10, Company
- Consolidated net income before tax of €61 million
- Administrative expenses of €145 million (normalised administrative expense of €128 million)
- Cost/income ratio of 68.5% (normalised C/I ratio of 60.4%)
- Resilient loan book: risk provisions of €19 million (of which €12 million relates to future potential downward rating migrations in light of uncertain macro environment) and NPL ratio (EBA definition) of 1.9%
- CET 1 ratio (fully phased) of 14.5%, CET 1 ratio (phased-in) of 16.6%, CET 1 ratio (Basel IV) of 15.4%
- Leverage ratio (fully phased) of 6.0%
- Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: “Despite a difficult environment, we were able to keep new business stable and focussed on customers with good credit ratings.”
