Banca IFIS (Milano IF.IM; Price €28.0; Yield 2.93% Market cap: €1.5bn)
Banca IFIS is a specialty finance player specialized in financing SMEs with a complete range of financial tools, from short term to medium/long term finance. It is also a leader in the Italian NPL market and it is present in the tax receivables sector.
The Banca IFIS Group has a strong and diversified business model which allows to reach outstanding results in terms of profitability and credit quality.
The pillars in the management of the Bank that drive all decisions are: profitability, liquidity and solidity.
Founded in 1983 by Sebastien Egon Furstenberg, the current chairman, Banca IFIS is listed since 2003 on the Milan Stock Exchange (Star segment) with a current market cap over Eu 1.5 bn.
The Bank has recently acquired from GE Capital the former GE Capital Interbanca Group, an historical Italian bank active in corporate lending, factoring and leasing.
A previous acquisition was successfully realized by Banca IFIS in 2011 acquiring Toscana Finanza, a company active in distressed loans.
On the retail funding side, Banca IFIS successfully launched in 2008 rendimax, an high-yield online saving account.
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.