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
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
Banca Ifis has signed an agreement with Mediobanca for the acquisition of Revalea for a consideration of 100 million Euro. Revalea is a company specialised in the purchase of NPLs, with a portfolio with a GBV of 6.8 billion Euro. The acquisition of Revalea strengthens the already existing partnership between… Read More
The increase in profitability confirms the strength and validity of the business model even in the current macroeconomic environment. The favourable revenue performance, up 8% compared to the first quarter of 2022, is driven by the positive correlation of trade receivables to rising interest rates, recoveries in the Npl Segment… Read More
2022 draft financial statements approved Approval given for distribution of a dividend, as balance for FY 2022, of 0,40 Euro per share Milan, 20 April 2023 – The Shareholders’ Meeting of Banca Ifis S.p.A., which met today in single call, chaired by Ernesto Fürstenberg Fassio in accordance with the applicable… Read More
Preliminary results already approved last 9 February, confirmed All time record for net profit at 141,1 million Euro (+40%), guidance for 2023 profit increased Distribution of a dividend proposed to the Shareholders’ Meeting, as balance for FY 2022, of 0,40 Euro per share Resignation accepted of CFO and Manager Charged… Read More
The 2022 net profit, net of PPA, represents an all-time record for the Bank. Net profit guidance for 2023 revised upwards: 150 million Euro compared to the 137 million Euro envisaged in the 2022-2024 Business Plan. The Bank’s commercial activity, which grew in all segments, yielded excellent, indeed record results… Read More
The Board of Directors appointed Ernesto Fürstenberg Fassio as President of Banca Ifis and designated Sebastien Egon Fürstenberg as Honorary President of the same institution. Distribution of an interim dividend for FY 2022 in the amount of 52,4 million Euro approved. The Bank’s commercial activity, which grew in all… Read More
Net profit grew by 50% to 72,5 million Euro, a result mainly driven by revenue performance, which increased by 12% in the first half of 2022 compared to the same period last year. Factoring and Leasing activities all grew at higher rates than the reference markets , confirming the dynamism… Read More
Mestre, 23 May 2022 – Banca Ifis communicates that it has received from the Bank of Italy the notification of the conclusion of the prudential review and evaluation process (“SREP decision”) performed on the Group. The Bank of Italy has identified for 2022 the following capital requirements (equal to the… Read More
