Financial Archivi

Banca IFIS and SGA sign an agreement for the management of UTP and past due exposures belonging to worthy SMEs

Venice, 27 September 2018 – Banca IFIS and SGA have signed a notification agreement aimed at facilitating SGA customer access to Banca IFIS factoring services. Above all, this initiative is intended for small and medium enterprises with exposures with SGA classified as unlikely to pay or as past due. Factoring… Read More

Banca IFIS updates the EMTN programme for issues of up to 5 billion Euro

London, 26 September 2018 – Banca IFIS announced that today it signed the update of the non-convertible bond issuance programme denominated “EMTN Programme – Euro Medium Term Notes” (The “Programme”) established in July 2017. The update of the “Programme” will allow Banca IFIS to continue taking prompt and flexible advantage… Read More

IFIS NPL, finalized three new deals in September for € 1.26 billion.

Mestre (Venice, Italy), 21 September 2018 – In September, IFIS NPL acquired from UniCredit, Deutsche Bank Group and one of the leading Italian consumer credit companies three portfolios of distressed loans for a total of € 1.26 billion (nominal value) corresponding to more than 70,700 positions. All of them are… Read More

Banca IFIS, Fitch confirms a ‘BB+’ rating, outlook stable

Mestre (Venice), 13 September 2018 – Banca IFIS S.p.A. (IF:IM) announces that, as of today’s date, the rating agency Fitch Rating Inc. confirmed the assignment to the Company of a Long-term Issuer Default Rating (IDR) of ‘BB+’, outlook stable. The confirmation of the rating testifies Banca IFIS’s solidity in the… Read More

Banca IFIS Group: Banca IFIS: 66,2 million Euro in profit, 51,8% in Cost/Income ratio. Excellent Enterprises segment’s gross-impaired loan ratio: 10,5%

Highlights – Results of the first half of 2018 RECLASSIFIED DATA: 1 January – 30 June – Net banking income: 278,1 million Euro (+9,8%); – Net profit from financial activities: 238,1 million Euro (+10,3%); – Operating costs: 144,2 million Euro (+20,7%); – Net profit for… Read More

IFIS NPL Purchases 4 NPL portfolios for a nominal value of about € 600 million

Mestre (Venice), 18 July 2018 – IFIS NPL has acquired from UniCredit and other three players four distressed loans portfolios for a total of approximately € 600 million (nominal value), corresponding to more than 27,500 positions. The loans were purchased mainly on the primary market, mainly unsecured. Below are details… Read More

Banca IFIS has received authorisation from the Bank of Italy to purchase Credifarma SpA

Mestre (Venice), 23 May 2018 – Banca IFIS hereby announces that it has received clearance from the Bank of Italy to purchase Credifarma SpA, a company that provides financing to pharmacies. Closure of this transaction, which merges Credifarma SpA into the Banca IFIS Group, should occur during the summer. The… Read More

Banca IFIS: Deed of merger of IFIS Leasing into Banca IFIS signed

Mestre (Venice), 15 May 2018 – The deed of merger by incorporation of IFIS Leasing S.p.A. into Banca IFIS S.p.A. has been signed today. The transaction, already approved by the respective Boards of Directors on 20 April 2018, will be effective as of 28 May 2018, pursuant to article 2504… Read More

Banca IFIS acquires FBS, creating the first integrated player for Italy’s NPLs

Closing expected in September. The CEO Giovanni Bossi: “This acquisition gives rise to Italy’s first completely integrated Asset Management Company, with over 20 billion of assets managed both on our own and on behalf of third parties”. TRANSACTION HIGHLIGHTS • The servicer FBS joins the… Read More

Banca IFIS Group: positive performance in lending to enterprises and managing NPLs, driven by the increase in volumes, the number of customers, and new investments in technology.

Net banking income up +35%, net profit up +16%. The Group continues hiring, over 70 new hires in the first 3 months of the year. Highlights– Results of the first quarter of 2018 RECLASSIFIED DATA 1: 1 January – 31 March – Net banking… Read More