The Supervisory Board of IKB Deutsche Industriebank AG has appointed Steffen Zeise to the Board of Managing Directors, effective 1st of January 2022. He replaces Claus Momburg, who will retire after having served 24 years as a member of the Management Board.
The Supervisory Board of IKB Deutsche Industriebank AG (IKB) has appointed Dr. Ralph Müller and Dr. Patrick Trutwein to the Board of Managing Directors of IKB with effect from 1 February 2021 to help drive the further development of the bank.
IKB has been assigned investment grade ratings from rating agencies Moody’s and Fitch. Moody’s has given IKB a deposit and issuer rating of Baa1 with a stable out-look, while Fitch has announced a deposit and issuer rating of BBB with a negative outlook.
Net consolidated income € 8 million, excluding one-time effects income of € 80 million
Net consolidated income of € 80 million, adjusted for extraordinary expenses of € 48 million from the termination of the silent participations, € 21 million from restructuring expenses and € 2 million from transaction and consulting costs in relation to the capital reduction as well as the termination of the silent participations. Return on equity of approx. 6% assuming a common equity tier 1 ratio of 12% is calculated on risk-weighted assets of € 11.4 billion.
Administrative expenses reduced by 19% from € 192 million to € 156 million
Personnel expenses further reduced from € 99 million to € 81 million. Other administrative expens-es reduced in the Group from € 94 million to € 75 million. Administrative expenses will be further reduced to approx. € 140 million in the financial year 2020/21 and to below € 110 million in the medium-term.