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IKB Deutsche Industriebank AG: Results for the financial year 2013/14

DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Final Results
IKB Deutsche Industriebank AG: Results for the financial year 2013/14

18.06.2014 / 08:00

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IKB Deutsche Industriebank: Results for the financial year 2013/14

- Consolidated net income: EUR 32 million (2012/13: consolidated net loss
of EUR 143 million)

- Addition to the fund for general banking risks (common equity tier 1
capital) of EUR 402 million

- IKB Group common equity tier 1 ratio (CET 1 ratio): 10.4%

- IKB receives report on special audit under German stock corporation law

[Düsseldorf, 18 June 2014] In the financial year 2013/14 (1 April 2013 to
31 March 2014), the IKB Group generated consolidated net income of EUR 32
million after a consolidated net loss of EUR 143 million in the previous
year, and strengthened its common equity tier 1 (CET 1) capital by EUR 402
million by making an addition to the fund for general banking risks. IKB
used the positive capital market environment to realise valuation gains on
financial instruments in its liquidity portfolio, while tax income and the
higher level of net interest income also played a substantial role in the
improved results of operations. The IKB Group had a CET 1 ratio of 10.4% as
of 31 March 2014.

The consolidated income statement for the 2013/14 financial year is
composed as follows:

Table: IKB consolidated income statement in accordance with the German
Commercial Code (HGB)

                                                      1.4.2012

                                       1.4.2013             to

EUR million                        to 31.3.2014      31.3.2013      Change

Net interest and lease income               310            210         100

Net fee and commission income                29              5          24

Net trading income                            6              1           5

Administrative expenses                    -285           -304          19

Personnel expenses                         -161           -159          -2

Other administrative expenses              -124           -145          21

Net other income*                           -73             21         -94

Net risk provisioning                       -87            -71         -16

Taxes                                       133             -6         139

Consolidated net income/loss                 32           -143         175

Some totals may be subject to discrepancies due to rounding differences.
* incl. addition to the fund for general banking risks of EUR 402 million