Digitalisation, strategic partnerships, efficiency and sustainability are the Bank’s drivers for growth over the next three years.
The Group’s strategy for 2022-2024 is based on an ambitious Business Plan which leverages Banca Ifis’ specific expertise and will enable it to increase industrial profits, strengthen its competitive positioning and create value for all stakeholders and for the territory.
Banca Ifis will continue to focus on profitable business segments offering high potential for growth such as Commercial & Corporate Banking for SMEs and NPLs, in order to maintain and strengthen its leadership position.
The plan outlines a long-term vision fully consistent with the Mission: Banca Ifis will continue to offer excellent products, focusing on digitisation and innovation to better support businesses and people, and making sustainability a lever to create value. Generating a tangible impact on the real economy, supporting Italian entrepreneurship, promoting financial and social inclusion: these are the broad priorities that guide the group’s strategies.
Over the next three years, our Bank aims to become increasingly digital, open to new partnerships, efficient, and focused on sustainable growth. And that is D.O.E.S.: digital, open, efficient, sustainable.
Moody’s assigned Banca Ifis a rating of Baa3 (investment grade) with a stable outlook due to the Bank’s profitability and solid position in terms of capital and liquidity.
With the 2022-2024 Business Plan, Banca Ifis has confirmed it is a challenger bank that pursues objectives capable of generating sustainable value in highly profitable sectors.
A net income of 164 million euros (161 million euros of profit attributable to the Parent Company) and a ROE of 9% are expected in 2024; a cumulative net income of over 400 million euros is expected in the three-year period 2022-2024. The Bank aims to create value for shareholders with cumulative dividends of approximately €200 million over the period 2022-2024 corresponding to a payout ratio of around 50%. CET1 is expected to be 15.1% at 2024 and will conservatively be above 14% throughout the plan.
The document “Management policy for the Directors’ dialogue with Investors” regulates managing the dialogue of the Directors of Banca Ifis with shareholders (including institutional investors and asset managers), aimed at favouring Bank transparency towards the financial community and markets, by building, maintaining and developing an active trust relationship with Investors.