IKB News
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.”
Performance of IKB Deutsche Industriebank in the financial year 2020: further increase in profitability and cost efficiency despite COVID-19
2021/03/19, Company
- Consolidated net income after risk provisions of €73 million in the financial stub year; return on equity (ROE) increased to 8.3%
- Earnings guidance for full-year 2021: net income of close to €100 million and ROE of about 9% expected
- Administrative costs reduced to €104 million, cost/income ratio (CIR) improved from 65% to 56%
- Risk provisions of €20 million and NPL ratio (EBA definition) of 1.6% at low level
- Common Equity Tier 1 (CET 1) ratio significantly increased to 14.3% (financial year 2019/20: 12.0%), pro forma CET 1 ratio in accordance with Basel IV of 15.3%
- Leverage ratio increased to 7.4% (financial year 2019/20: 7.1%)
- Solid liquidity: loan to deposit ratio of 70% and liquidity coverage ratio (LCR) of 271%
- Investment grade ratings received by Moody’s (Baa1) and Fitch (BBB)
- Resumption of dividend distributions after 15 years
- Chairman of IKB’s Board of Managing Directors Dr Michael Wiedmann: “The results for the financial year more than met our expectations. Our focused business model guarantees reliable results and stable dividends.”
