Banca IFIS Group: Consolidated interim report at 30 september 2016

Banca IFIS has strengthened its capital ratios in the first nine months of 2016. Credit cost continues to improve

101First nine months of 2016: 1 January – 30 September Reclassified data1: Net banking income: 237,7 million Euro (-27,6%) Net profit from financial activities: 218,2 million Euro (-28,5%) Operating costs: 118,7 million Euro (+46,9%) Profit for the period: 66,3 million Euro (-55,5%) Cost of credit quality for trade receivables: 86… Read More

Banca IFIS buys 100 million Euro worth of distressed assets on the banking market

Mestre (Venice), 28 October 2016 – Banca IFIS announces it has purchased an unsecured non-performing loans portfolio on the domestic banking market for a total nominal value of about 100 million Euro. The portfolio, containing over 7.200 positions, was sold to Banca IFIS by a leading Italian banking institute and… Read More

Banca IFIS sells 861 million euro worth of NPLs

Mestre (Venice), October 25, 2016 – Banca IFIS announces it has defined the details of a negotiation for the sale of an unsecured non-performing loans portfolio in the Italian consumer credit sector. The counterparty to this deal, which has allowed Banca IFIS to achieve capital gains, is an International player… Read More

Banca IFIS at the Berenberg Conference in New York (October 27)

Mestre (Venice), October 24, 2016 – Banca IFIS, the only independent banking group in Italy that specializes in the sector of trade receivables, non-performing loans and tax receivables, is attending the Berenberg Pan-European Discovery Conference in New York on October 27, 2016. The Banking Group, listed on the STAR segment… Read More

Italian banks under siege: the e-book that collects the Linkedin Pulse by Giovanni Bossi, C.E.O of Banca IFIS

The e-book “Italian banks under siege“, that can be downloaded from this page both in Italian and English, is a collection of Giovanni Bossi’s thoughts published on his Linkedin Pulse between August and September 2016 about the accusations that international press and financial market charge to Italian banks. The focus of… Read More

Change to Banca IFIS’s 2016 events calendar

Mestre, 10 October 2016 In accordance with article 2.6.2 of the Italian Stock Exchange Regulations, you are hereby informed that, in partial departure from the existing Events Calendar, Board of Directors’ Meeting to approve the 2016 3rd quarter Financial Report will be held on 10 November 2016 (instead… Read More

Renewal of credit line for the subsidiary IFIS FINANCE SP.ZO.O.

Publication of the informational document pertaining to high relevance connected party transactions

Mestre, October 5, 2016 – Please be informed that, pursuant to art. 5 of the Consob Regulation n. 17221 of 12 March 2010, as amended, and section 5.2 of the Banca IFIS’s “Procedure governing transactions with Associated Parties“, the informational document pertaining to renewing the line of credit for IFIS… Read More

NPL Meeting 2016: the ‘Made in Italy’ recipe for managing non-performing loans

Venice, 16 September 2016 – The fifth edition of the International NPL Meeting, the most important conference in Italy on non-performing loans, was held in Venice today. Over 500 people, including investment funds, banks, servicers and other professionals in the field from all over the world took part in this… Read More