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IKB Deutsche Industriebank AG: Half-year figures for the 2014/15 financial year

DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Half Year
Results
IKB Deutsche Industriebank AG: Half-year figures for the 2014/15
financial year

28.11.2014 / 08:00

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IKB Deutsche Industriebank:
Half-year figures for the 2014/15 financial year

- Consolidated net income: EUR 73 million

- Tier 1 capital ratio (CET 1) of the IKB Group: 11.4%

- Leverage ratio: 8.2%

[Düsseldorf, 28 November 2014] IKB Deutsche Industriebank AG generated
consolidated net income of EUR 73 million in the first six months of the
2014/15 financial year (1 April to 30 September 2014) and further increased
the tier 1 capital ratio. The leverage ratio was 8.2%, the liquidity
coverage ratio 339%.

The consolidated income statement for the first half of the 2014/15
financial year is as follows:

Table: Income statement of IKB (Group, HGB)

                            1 Apr. 2014

                            to 30 Sept.   1 Apr. 2013 to 30 Sept.

in EUR million                     2014                      2013    Change

Net interest and lease

income                              131                       140        -9

Net fee and commission

income                               17                        14         2

Net trading results                   2                         5        -3

Administrative expenses            -154                      -139       -14

Personnel expenses                  -88                       -79        -9

Other administrative

expenses                            -65                       -61        -5

Net other income                    117                      -63*       180

Net risk provisioning               -24                       -59        35

Tax income/expense                  -16                       110      -126

Consolidated net income              73                        8*        65

Some totals may be subject to discrepancies due to rounding differences.
* incl. EUR 128 million addition to section 340g HGB reserves


The Group's net interest and lease income decreased by EUR 9 million in the
period under review to EUR 131 million (previous year: EUR 140 million). In
an environment of further restrained credit demand on the market and
selective lending by IKB, the Group's new business volume in the first half
of the financial year 2014/15 was up slightly year-on-year at EUR 1.3
billion. The Group's net fee and commission income outperformed the
prior-year figure of EUR 14 million at EUR 17 million.

Administrative expenses amounted to EUR 154 million in the period under