EQS-News

IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

EQS-News: IKB Deutsche Industriebank AG / Key word(s): Annual Report IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment 15.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

 

• Consolidated net income before taxes of €63 million slightly above the previous year (€61 million)
• Return on equity (ROE) after tax of 7.3% up on the previous year (6.3%)
• At €147 million, administration expenses slightly above the previous year (€145 million)
• Cost income ratio (CIR) of 60%, or 52% after adjustments
• Resilient loan book: Risk provisions of €34 million in line with budget and NPL ratio (EBA definition) stable at 2.0%
• CET1 ratio (fully phased) of 16.8%, significantly up on the previous year (14.5%)
• Ample liquidity with free available liquidity reserve of €1.4 billion (previous year: €1.2 billion)
• Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: “We have met our annual targets and are on track to achieving our medium-term goals. In our business with our mid-cap customers, we have maintained our high risk standards and have a resilient loan book.”

 

[Düsseldorf, 15 March 2024] In 2023, IKB generated consolidated net income of €63 million (previous year: €61 million) in a challenging environment. 2023 was largely characterised by the increase in market interest rates against a difficult economic backdrop. “We achieved a satisfactory result last year. Despite the economic uncertainties, we project consolidated net income before taxes of around €70 million in 2024. We support our customers closely in their financing projects. At the same time, we mitigate risk through selective new lending,” explained Dr Michael Wiedmann, the Chairman of IKB’s Board of Managing Directors.