IKB Deutsche Industriebank AG (DE:IKB: news, chart, profile) reported Thursday a consolidated net loss of 398 million euros ($603 million) for the six months between April 1 and Sept. 30. That compares with a net profit of 240 million euros in the same period a year ago. The half year-results came on the back of losses on the equity and liabilities side. The provision for possible loan losses increased by 103 million euros year-on-year to 210 million euros because of "the continuing poor economic situation." IKB, a Dusseldorf-based lender that is going through a restructuring, suffered massive losses from the subprime crisis.
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