IKB News
IKB appoints Steffen Zeise to the Board of Managing Directors as Chief Sales Officer
2021/11/05, Company
The Supervisory Board of IKB Deutsche Industriebank AG has appointed Steffen Zeise to the Board of Managing Directors, effective 1st of January 2022. He replaces Claus Momburg, who will retire after having served 24 years as a member of the Management Board.
IKB Deutsche Industriebank first half 2021 results: solid net income and improved profitability
2021/08/19, Company
- Consolidated net profit after risk provisions increases to €47 million (first half of 2020: €42 million); return on equity (RoE) improved to 8.8% (first half of 2020: 7.1%)
- Earnings guidance for full-year 2021 confirmed: net income of close to €100 million and RoE of about 9% expected
- Administrative expenses of €73 million, cost/income ratio (CIR) of 59.9%
- Positive risk provisioning result of €2 million and low NPL ratio (EBA definition) of 1.8%
- Common Equity Tier 1 (CET 1) ratio of 14.8% at a high level (first half of 2020: 14.3%), pro forma CET 1 ratio in accordance with Basel IV of 15.9%
- Leverage ratio of 7.5% (31 December 2020: 7.4%)
- Solid liquidity position: loan to deposit ratio of 89% and liquidity coverage ratio (LCR) of 205%
- Chairman of IKB’s Board of Managing Directors, Dr Michael Wiedmann: “Our busi-ness performed well in the first half of 2021 and we are fully on track to meet our 2021 targets.”
