EQS-News

Results of IKB Deutsche Industriebank AG for the first half of 2023: solid corporate customer business in a demanding environment - Seite 4

 

Outlook

Geopolitical tensions, in particular associated with the war in Ukraine, the tight monetary policy of the central banks and inflation, which is far above target in all major industrial nations, continue to present a challenging business environment. Leading economic research institutions expect an economic slowdown in the second half of 2023, which may have a different impact on various industrial sectors. IKB confirms its forecasts for the 2023 financial year as well as its medium-term targets irrespective of the uncertainties in the current financial year.

 

 

Table: IKB income statement for the first half of 2023 (Group, in accordance with German commercial law)

in € million	1 Jan. 2023 –  30 Jun. 2023	1 Jan. 2022 –   30 Jun. 2022
Net interest income	107	98
Net fee and commission income	9	13
Gross income	116	111
Administrative expenses	-77	-80
Personnel expenses	-45	-46
Other administrative expenses	-32	-34
Operating profit before risk provisions	39	31
Net risk provisioning	-12	0
Operating profit	28	32
Net other income	9	-1
Income before tax	36	30
Tax expense/income	0	0
Consolidated net result	36	30

Any differences in totals are due to rounding.