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DGAP-News: IKB Deutsche Industriebank AG: Results for the financial year 2018/19

DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Annual Results


IKB Deutsche Industriebank AG: Results for the financial year 2018/19


14.06.2019 / 08:00



The issuer is solely responsible for the content of this announcement.


IKB Deutsche Industriebank: Results for the financial year 2018/19

- Consolidated net result of EUR -41 million due to write-down of deferred tax assets

- Liability restructuring continued: Debtor warrants completely eliminated

- Common equity tier 1 ratio (CET 1) increased to 12.1% (fully loaded)

- NPL ratio (EBA definition) at a low 1.4%

- Administrative expenses reduced by 10%

[Düsseldorf, 14 June 2019] In the financial year 2018/19 IKB generated a consolidated net result after taxes of EUR -41 million (previous year, restated to reflect significant changes in the consolidated group: EUR -170 million). The result was impacted by the partial write-down of deferred tax assets in the amount of EUR 44 million. The reason was the more cautious earnings outlook for the coming years due to the economic slowdown.

All of the remaining debtor warrant claims were repurchased in the second half of the financial year. The expenses for the repurchase were offset by an unexpected tax refund including interest of EUR 162 million.
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