Double digit growth in the first half for the Bank’s revenues which reached 292,6 million Euro and reached an all time high, net of PPA (277 million Euro). Record also for cash recoveries of Npl portfolios purchased amounting to 170 million Euro. In an improving macroeconomic environment, more than 70%… Read More
The first quarter of 2021 saw an all-time high recorded for cash collections on Npl portfolios acquired, which came to 81 million Euro (+24%) coupled with excellent performance in revenues from commercial and corporate banking (+21%) on the same period of last year. Faced with an improving macroeconomic context, positive… Read More
Frederik Geertman appointed as Chief Executive Officer Monica Regazzi joins the Board as independent director: female representation on the Bank’s board rises to 41% Mestre (Venice) 22 April 2021 – The ordinary Shareholders’ Meeting of Banca Ifis, which met today in single call, chaired by Sebastien Egon Fürstenberg in… Read More
• The Group acts as pathfinder: the pioneering transaction for finance is new for this type of non-performing exposure • Moody’s and Scope have assigned the senior notes a rating of A2 and A-, confirming the quality of the NPL portfolio and Banca Ifis’s ability to service Milan,… Read More
Banca Ifis exceeds targets and closes 2020 with profit of 68,8 million Euro. Geertman joins the Board of Directors In a year that has been profoundly marked by the COVID-19 pandemic, the Group has exceeded expectations, confirming resilient profitability and taking decisive action to derisk the business On the… Read More
Despite the fact that the macroeconomic scenario continues to be uncertain and the general situation difficult, the Bank continues to operate efficiently and with great faith in the future and is well prepared, also in terms of its equity, to face up to the forthcoming months, aware that they are… Read More
Npl meeting: the non-performing loan stock will rise to 385 billion Euro in 2021. 34 billion worth of new NPL expected on the market “The new Wave”: the ninth edition of the event organised by Banca Ifis for the NPL and bank restructuring market took… Read More
Milan, 7 August 2020 – Banca Ifis and illimity Bank announce they have finalized a deal involving non-performing loans (“NPL”) for a total Gross Book Value of approximately 266 million euro and related to around 4,000 debtors. Specifically, the portfolio sold by illimity to Ifis NPL, a subsidiary of Banca… Read More
During the first half, business proves to be resilient and the equity position improves despite the difficult context Net profit stands at 37 million Euro, net of adjustments and impairment for 36 million Euro (pretax) as a result of the Covid-19 Improving equity position with an increase of CET1… Read More
Since the beginning of the year, the Bank has acquired 10 non-performing loan portfolios with a total nominal amount of 800 million Euro. Milan, 2 July 2020 – Banca Ifis is reaffirming its leadership and dynamism in the NPL market. Today Banca Ifis and UniCredit finalised the purchase… Read More