Banca IFIS (Milan IF.IM; Market cap: €1.4bn – 30/06/2018)
Banca IFIS is a player active in the specialty finance, operating in the following sectors: trade receivables, acquiring/selling & managing portfolios of non-performing loans and tax receivables. It is also the Italian NPL market’s leader in the unsecured consumer credit segment, present also in the secured segment (real estate and corporate) managing both its own assets and third parties’ assets. The Banca IFIS Group has a robust and diversified business model that allows it to deliver outstanding results in terms of profitability and credit quality, with operations focused in the Italian market and with no branches. The Bank’s operations are built around three pillars that drive decision-making: control of the initiatives’ profitability in relation to their risk, liquidity, and capital absorption. Established in 1983 by the current Chairman Sebastien Egon Furstenberg, Banca IFIS has been listed on the Milan Stock Exchange (Star segment) since 2003 with a market capitalisation of approximately 1.4 billion Euro at June 2018.
In 2016, the Bank acquired the former GE Capital Interbanca Group—a historic Italian financial institution operating in the corporate lending, factoring, and leasing sectors—from GE Capital, which was made again profitable six months after the acquisition. In 2018, Banca IFIS finalised the acquisition of Cap.Ital.Fin. S.p.A, which specialises in salary- or pension-backed loans, and of the 70% of Credifarma SpA, a financial resource point for pharmacies since 1987, conceived from an idea of Federfarma as well as announced an additional transaction that will cause FBS S.p.A (Italy’s fourth-largest servicer in the management and transformation of non-performing loans) to be included in the Banca IFIS Group’s scope. As for retail funding, Banca IFIS successfully launched the high-yield online savings account rendimax in 2008 and started broadening its institutional funding structure in 2017.
In 2018 Banca IFIS decided to expand the rendimax family by entering into the insurance world and thus developed a solution – rendimax assicurazioni – aimed at distributing selected insurance products, with a dual objective: innovation and customer service. With this in mind, YOLO was identified as a partner from the insurtech world, with whom Banca IFIS collaborated in the development of technology, in the search and distribution of insurance products. Innovation means researching and proposing new solutions such as pay per use, protecting customers only when they actually need the specific insurance solution; customer service means building solutions that protect and being present in times of need.
We are convinced that only a bank that is beneficial to the economy in which it operates, whilst, at the same time, knows how to obtain the right amount of profit from its actions, has the dignity to look forward and plan its future. What is fundamental in the way we operate are the three pillars we base our work and all our business lines on: control of risk-corrected profitability, of liquidity and of absorbed capital.
Making the most of the Bank's capital and liquidity to allow businesses and households, even in difficulty, to optimize their financial resources. Becoming the benchmark in Italy in providing financial support to micro, small and medium-sized Italian companies, also on an international level. Allow to the highest possible number of debtors to return to being financially credible. Giving value to the savings of individuals and companies thanks to transparent and reliable proposals.
to deal with the market changes and respond promptly.
Improve the quality of services through the use of new technologies.
Build trust relationships to maintain a constant dialogue with customers.
Promote a new "doing" culture to meet the challenges of the global market.
Think of unique services for its customers and their business needs.
Being a Bank
that supports the real economy of the country.
Work in serenity,
having safe products
and high yield.
Employees*at June 30, 2018
Branches*at June 30, 2018
NET PROFIT*at June 30, 2018
Financed SMEs*at June 30, 2018