DGAP-News

IKB Deutsche Industriebank AG: Results for the financial year 2013/14 - Seite 2

The Group's net interest and lease income rose by EUR 100 million in the
period under review to EUR 310 million (previous year: EUR 210 million),
largely as a result of the more favourable refinancing conditions compared
with the previous year.

Net commission income increased from EUR 5 million in the previous year to
EUR 29 million; this was due in particular to the absence of SoFFin
guarantee expenses in the year under review.

Administrative expenses were reduced by EUR 19 million to EUR 285 million.
Personnel expenses climbed by EUR 2 million to EUR 161 million, while other
administrative expenses declined by EUR 21 million to EUR 124 million.

Net other income amounted to EUR -73 million (previous year: EUR +21
million). The main reasons for this development were the addition to the
fund for general banking risks in the amount of EUR 402 million - which was
recognised as an expense in net other income, with the CET 1 capital of IKB
increasing by a corresponding amount - and the net gain on financial
instruments totalling EUR 289 million.

Net risk provisioning increased by EUR 16 million, from EUR -71 million to
EUR -87 million, but remained at a moderate level when compared over
several years.

Tax income amounted to EUR 133 million in the period under review (previous
year: tax expense of EUR 6 million). The recognition of deferred taxes in
profit or loss resulted in income of EUR 101 million, while the reversal of
tax provisions no longer required led to income of EUR 48 million. This was
offset by expenses for current and other taxes in the amount of EUR 16
million.

The Group's total assets declined by EUR 2.9 billion in the period under
review and amounted to EUR 24.7 billion at the reporting date. As of 31
March 2014, the CET 1 ratio calculated in accordance with the Capital
Requirement Regulation (CRR) for the IKB Group amounted to 10.4% and the
total capital ratio amounted to 16.1%.


Earnings of IKB AG and loss participation of hybrid securities

IKB AG recorded a net result of EUR 0 in the financial year 2013/14
(previous year: net loss of EUR 162 million).

The following financial instruments participate in this result by way of
deferral of interest/distributions: DE0002731197, DE0002731429,
DE0002731569, DE000A0GF758, DE0007490724, DE000A0AMCG6, DE0008592759,
XS0194701487.

There was no change in the repayment amount of hybrid securities as a
consequence of the net result of IKB AG for the year under review.

Profit participation certificates issued by IKB AG