Banca Ifis, the Shareholders’ Meeting approves the 2023 Financial Statements and the distribution of a dividend of 0,90 Euro per share for FY 2023
Banca Ifis: net profit for 2023 up to 160 million Euro (+13,5%). Proposed distribution resolved of a final dividend in the amount of 47 million Euro
The 2023 net profit, net of PPA, represents an all-time record for the Bank. This is 16,8% higher than the target of 137 million Euro profit set for 2023 in the Group Business Plan. The net profit target for 2024 of around 160 million Euro has been confirmed, in line… Read More
Banca Ifis: net profit for the first nine months of 2023 up to 125 million Euro (+18.2%). Distribution resolved of an interim dividend 2023 in the amount of 63 million Euro
On 31st October 2023, Banca Ifis finalised the acquisition of Revalea, a Mediobanca Group company. The transaction aims to consolidate the Bank’s position as a key player in the market of non-performing loans in the small tickets unsecured segment. The favourable revenue trend, up 4.8% compared to the first nine… Read More
Banca Ifis and the Mediobanca Group complete their industrial partnership in the NPL business
Milan, 31st October 2023 – Banca Ifis and the Mediobanca Group have today completed the long-term partnership agreement to manage non-performing loans (NPLs) signed in May 2023. Once the necessary regulatory authorizations had been obtained, Banca Ifis acquired Revalea S.p.A., the company set up in 2022 following the spinoff of… Read More
Npl Meeting: credit deterioration rate at 1,2% in 2023, lowest since 2006. The de-risking of bank balance sheets continues even beyond the EBA targets.
From 2015 to 2022, Italian banks improved credit quality by selling 352 billion Euro of impaired loans Over the 2015-2022 period, the Italian impaired loan industry contributed to the reduction of the Npe stock by almost 55 billion Euro (from 361 billion Euro in 2015 to 306 billion Euro in… Read More
Banca Ifis: net profit for the first half of the year up 25,5% to 91 million Euro. Guidance for 2023 revised upwards
2023 profit guidance revised upwards: net profit of 160 million Euro is expected, up from 150 million Euro in February 2023 and the 2022-2024 Business Plan target of 137 million Euro. The new progressive dividend policy has been approved, providing for an increase in the payout ratio when the profit… Read More
