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IKB Deutsche Industriebank AG: Results for the financial year 2014/15

IKB Deutsche Industriebank AG / Key word(s): Final Results

17.06.2015 08:03

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
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IKB Deutsche Industriebank: Results for the financial year 2014/15

- Positive consolidated net income

- Further increase in core equity tier 1 ratio (CET 1)

- High leverage ratio

- Low risk provisioning

- Increased administrative and tax expenses

[Düsseldorf, 17 June 2015] IKB Deutsche Industriebank AG generated
consolidated net income of EUR 5 million in the financial year 2014/15 (1
April 2014 to 31 March 2015) despite increased administrative and tax
expenses. IKB successfully participated in the ECB's stress test during the
financial year. The CET 1 ratio for the Group now amounts to 10.9%. This is
higher than the figure of 9.4% at the end of 2013 with which IKB passed the
ECB's comprehensive assessment. The leverage ratio is 8.5%
(previous year: 7.4%).

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

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

                                    1 Apr. 2014       1 Apr. 2013
in EUR million                  to 31 Mar. 2015   to 31 Mar. 2014   Change
Net interest and lease income               290               310      -20
Net fee and commission income                42                29       13
Net trading income                            8                 6        2
Administrative expenses                    -312              -285      -27
Personnel expenses                         -183              -161      -22
Other administrative expenses              -129              -124       -5
Net other income                            161               -73      234
Net risk provisioning                       -65               -88       23
Tax expenses (-)/income                    -120               133     -253
Consolidated net income                       5                32      -28

Some totals may be subject to discrepancies due to rounding differences.


Despite restrained demand for credit on the market and selective lending by
IKB, the Group's new business volume increased by EUR 0.5 billion
year-on-year to EUR 3.2 billion in the financial year 2014/15. At the same