DGAP-Adhoc: IKB Deutsche Industriebank AG: Considerable earnings charge as a result of the financial market crisis

IKB Deutsche Industriebank AG / Profit Warning

03.03.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

From today's perspective, the 2008/09 annual result (1 April 2008 to 31
March 2009) of IKB AG in line with the German Commercial Code (HGB) will be
in the range of minus EUR 600 million. After loss participation from profit
participation certificates and silent partnerships the balance sheet
deficit will be about minus EUR 400 million. The current worsening of the
results expectation is due to resolutions on a further reduction of risks
on the IKB balance sheet and a reassessment of the necessary provisions for
possible loan losses for the whole financial year. The key factors
negatively impacting the HGB result are the reduction of portfolio
investments, higher impairment losses due to the general economic
situation, ongoing high costs to cope with the crisis and realignment
expenses resulting from the EU conditions. Even after the occurrence of
losses to this order, IKB AG will still maintain a Tier I ratio of over 8%
to the end of the financial year.

In the extremely volatile current market environment IKB cannot make any
forecast for the 2008/09 consolidated annual result in line with IFRS due
to the required market valuation. In the third quarter of the 2008/09
financial year (1 October to 31 December 2008), the consolidated result was
minus EUR 245 million. The primary reason for this was the current
turbulence on the financial market resulting in a fair value result of
minus EUR 231 million. The full nine-month report of IKB for 2008/09 (1
April to 31 December 2008) will be available at
http://www.ikb.de/content/en/ir/financial_reports/index.jsp
from 4 March 2008 at 8.00 a.m. CET.

The Board of Managing Directors

Düsseldorf, 3 March 2009





Dr. Jörg Chittka, telephone +49 211 8221-4349; Volker Rapp, telephone +49
211 8221-3043
Fax: +49 211 8221-3959, email: presse@ikb.de


DGAP 03.03.2009 
---------------------------------------------------------------------------
Language:     English
Issuer:       IKB Deutsche Industriebank AG
              Wilhelm-Bötzkes-Straße 1
              40474 Düsseldorf
              Deutschland
Phone:        +49 (0)211 8221-4511
Fax:          +49 (0)211 8221-2511
E-mail:       investor.relations@ikb.de
Internet:     www.ikb.de
ISIN:         DE0008063306, DE000A0JQCE3,, DE000A0SMNZ5   
WKN:          806330, A0JQCE,, A0SMNZ
Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),
              München, Hamburg, Düsseldorf; Freiverkehr in Hannover,
              Stuttgart
End of News                                     DGAP News-Service
---------------------------------------------------------------------------