IKB News
IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
2024/03/15, Company
- 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 ra-tio (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.”
Results of tender offer to the holders of Trust Preferred Securities of IKB Funding Trust I
2024/02/22, Company
IKB Deutsche Industriebank AG (the "Bidder") hereby discloses the results of its tender offer to the holders of the securities issued by IKB Funding Trust I (ISIN DE0008592759) in accordance with the Tender Offer Memorandum dated 19 December 2023.