I.Fi.s, Istituto di Finanziamento e Sconto, was established in Genoa as a financial intermediary mainly for the acquisition of trade receivables and the provision of financing in the form of factoring.

Ifis became a Bank and joined Factor Chain International to operate on a global level, after opening its branches in Romania and Poland.

Banca Ifis was admitted to listing on the MTA (Mercato Telematico Azionario) of the Milan Stock Exchange.

One year after its listing, Banca Ifis was admitted to the STAR segment of the Italian Stock Exchange, dedicated to medium-sized companies with requirements of excellence.

To diversify its sources of funding, Banca Ifis launched Rendimax, the high-yield online savings account.

Banca Ifis entered the NPL market, which would become one of the pillars of its business. The first step was the acquisition of Toscana Finanza, which would later become the Group’s NPL area.

Banca Ifis significantly strengthened its activities at the service of businesses with the acquisition of GE Capital Interbanca. The group entered the new business segments of corporate banking, leasing, medium-term lending and structured finance.

Progress in the NPL area continued: Ifis Npl became fully operational and welcomed the spin-off of the NPL area of Banca Ifis. The path of growth through acquisitions accelerated: Capitalfin, a consumer credit company specialising in salary/pension backed loans and Credifarma, a specialist in loans to pharmacies, joined the Group.

There was further strengthening in the NPL area with the acquisition of FBS (today Ifis Npl Servicing), an independent Italian servicer. This made it possible to consolidate the role of an integrated player active throughout the entire impaired loans chain, from the purchase of portfolios to management. In April 2019 the Board of Directors and management were elected.

In June 2020 Banca Ifis renewed its image as part of a rebranding project that combined digital innovation and sound identity with the creation of a logo sound brand. The new payoff of the multi-channel communication campaign is “The value of growing together”. In November, Farbanca became part of the Banca Ifis Group. The purchase of 70.77% of the company is of great strategic value because it allows Banca Ifis to consolidate its market position and form important synergies with the subsidiary Credifarma, creating the first integrated operator specialised in financial services for pharmacies.

On 1 January, the NPL area underwent a corporate reorganisation with the creation of a vertical chain aiming to guarantee the separation and independence of loan acquisitions and collections. On 22nd April 2021 Frederik Geertman becomes the new Chief Executive Officer of the Group.

The merger by incorporation of Credifarma into Farbanca on 11 April 2022 will create Banca Credifarma, the leading specialised financial services provider to pharmacies.