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Mestre/Florence, 8 September 2011. The Boards of Directors of Banca IFIS S.p.A. and Toscana Finanza S.p.A., met today to approve the merger by incorporation of Toscana Finanza into Banca IFIS and the relevant Directors’ Report.
Called Banca IFIS Board for the Merger with incorporation of Toscana Finanza
Faster margin growth and higher Core Tier 1 indicators. Record profits and increased equity confirm the Bank’s excellent solidity.
RESULTS AS AT 31/03/2010
• Turnover 1,087M Euro: +57.9% q/q
• Loan commitments 1,327M Euro: +6.5%
• Net banking income 21.1M Euro: +21.8%
• Net profit 5.5M Euro: +13.9%
• R.O.E. 14.5%