Banca IFIS: BoD approves the 2019 preliminary results

Dividend increases to 1,10 Euro per share . Consolidated net profit for the year: 123,1 million Euro. In 12 months the CET1 ratio rises to 10,96%. Retail funding: 4,8 billion Euro reached. RECLASSIFIED DATA • Proposed divided up by 5% to 1,10 Euro per share for a total dividend… Read More

NPL Market Watch – January 2020: 325 billion Euro of NPEs to manage in Italy. 37 billion Euro of NPLs forecasted to be sold in 2020, 27% of which on the secondary market

The tenth edition of Banca IFIS’s NPL Market Watch document is now online: “2019 Transactions Market and Servicing Industry” Milan, 29th January 2020 – Italy currently has 325 billion Euro of NPEs to be collected: 246 billion Euro are banking bad loans, while 79… Read More

Market Watch NPL – January 2020

Banca IFIS: Three-year business plan. Net profit of 147 million Euro in 2022 with significant growth in core businesses and less extraordinary business. Investments of 60 million Euro and 190 new employees.

FINANCIAL TARGETS FOR 2022 – Increase in sustainable profit to 147 million Euro to further improve financial solidity and support growth, whilst also ensuring payment of a significant dividend to shareholders; – ROTE to climb to 8.9%, indicating that the Group is well positioned in the most profitable segments of… Read More

Banca IFIS: 2.9 billion Euros’ worth of Non-Performing Loans purchased in 2019. Portfolio managed totals 24.4 billion Euro of NPLs

Milan, 7 January 2020 – In 2019, the Banca IFIS Group acquired over 2.9 billion Euro of non-performing loans (in nominal terms) through its investees dedicated to acquiring, managing and transforming NPL portfolios. Specifically, during the year, 21 acquisitions were completed with 15 different counterparties, for a total of over… Read More

Banca IFIS acquired 1.4 billion Euro NPL portfolio with Guber and Barclays Bank plc

Milan, 6 December 2019 – Banca IFIS confirms his leadership in unsecured NPLs by acquiring, with Barclays Bank plc and Guber Banca, a non performing loan portfolio with gross book value of ca. Euro 1.4 billion. The portfolio consisted of over 22,000 bank loans disposed by a primary financial institution,… Read More

Group Companies forming the VAT Group scheme 1st January 2010

IFISNPL S.p.A. and the Banca IFIS Group companies affected have entered the VAT Group regime. The VAT Group regime is effective from 1st January 2020 with VAT number 04570150278, and includes the following companies: Banca IFIS S.p.A. IFIS NPL S.p.A. IFIS Rental Services S.r.l. Credifarma S.p.A. Cap.Ital.Fin. S.p.A. FBS S.p.A. Read More

Banca IFIS Group Net profit of 84 million Euro in the nine months. Growth in retail funding, CET1 at 11,10%

Results for the first nine months of 2019 RECLASSIFIED DATA: 1 January – 30 September • Net profit for the period: 84 million Euro compared with 89 million Euro in the first nine months of 2018. The change was affected by the natural decline of the “PPA reversal”;… Read More

MARKET WATCH NPL – SEPTEMBER 2019

Banca IFIS Group: Net profit for the period 68,3 million, Net banking income 279,2 million

2nd quarter 2019: 1 April – 30 June RECLASSIFIED DATA • Net banking income: 149,1 million Euro (+7,5% vs 2Q18); • Net profit from financial activities: 127,1 million Euro (+15,9% vs 2Q18); • Net profit for the period: 38,4 million Euro (+35,3% vs 2Q18); Results first half… Read More