DGAP-News

IKB Deutsche Industriebank AG: Results for the first half of the financial year 2016/17

DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Half Year Results
IKB Deutsche Industriebank AG: Results for the first half of the financial
year 2016/17

25.11.2016 / 08:08
The issuer is solely responsible for the content of this announcement.

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IKB Deutsche Industriebank:
Results for the first half of the financial year 2016/17

- Consolidated net income of EUR 10 million

- Common equity tier 1 ratio (CET 1) remains stable at 11.2%

- High leverage ratio of 8.3%

- New business volume increases to EUR 2.2 billion

- Positive net income for full financial year 2016/17 expected

[Düsseldorf, 25 November 2016] IKB Deutsche Industriebank AG generated
consolidated net income of EUR 10 million in the first half of the
financial year 2016/17 (1 April to 30 September 2016). The common equity
tier 1 ratio (CET 1) amounted to 11.2% as at 30 September 2016, thereby
considerably exceeding the statutory minimum requirements. The fully loaded
CET 1 ratio was 10.6%. The leverage ratio was 8.3%, while the liquidity
coverage ratio was 245%.

IKB is reporting positive results for the fourth consecutive year,
confirming the sustainable profitability of its business model. IKB has a
solid equity position and ample liquidity. New business volume with
Mittelstand companies has increased by 22% year-on-year to EUR 2.2 billion
in the first half of the financial year 2016/17, while maintaining pricing
discipline. This positive economic performance was achieved in spite of a
difficult market environment and significant uncertainties.

The consolidated income statement for the first half of 2016/17 is as
follows:


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

in EUR million               1 Apr. 2016 to 30  1 Apr. 2015 to 30  Change
                                     Sep. 2016          Sep. 2015
Net interest and lease                     144                142       3
income
Net fee and commission                      17                 14       3
income
Net trading income                           0                  0       -
Administrative expenses                   -141               -143       1
Personnel expenses                         -90                -90       -
Other administrative                       -52                -54       1
expenses
Net other income                            29                 -8      37
Net risk provisioning                      -18                 14     -31
Tax income/expense                         -21                  4     -25
Consolidated net income                     10                 23     -13