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Banca IFIS, in 2014 loans consistently growing, strong recovery in NPL ratios

Inside information


Full year 2014
1 January-31 December

  • Net banking income: 280,9 million Euro (+6,3%)
  • Net profit from financial activities: 249,6 million Euro (+13,7%)
  • Profit for the period: 95,9 million Euro (+13,0%)
  • Cost of credit quality: 145 bp (244 bp at 31 December 2013)
  • Bad-loan ratio in the trade receivables segment improving further: down to 1,3% in December 2014 from 2,6% in December 2013
  • Bad loan coverage ratio: up to 86,4% in December 2014 from 78,4% in December 2013
  • Total net impaired loans in the trade receivables segment sharply down compared to 2013: 112,6 million Euro (-30,7%)
  • Hiring up: 125 new employees joined the Group (+20%)
  • ROE: 23,5% (24,8% in 2013)
  • Constant improvement of Total Own Capital Funds Ratio: 14,2% (13,5% in 2013)

4th quarter 2014
1 October – 31 December

  • Net banking income: 70,2 million Euro (+0,2%)
  • Net profit from financial activities: 68,5 million Euro (+14,1%)
  • Profit for the period: 21,7 million Euro (+22,3%)

The Board of Directors of Banca IFIS met today and assessed the preliminary full-year results for 2014.
«Amid an extremely challenging time for Italy’s and Europe’s economy, for Banca IFIS 2014 was a record year that saw strong growth”, said Giovanni Bossi, Banca IFIS CEO. “The bank managed to increase its support to a rising number of companies and households, effectively using its capital position, liquidity and ability to offer the right solutions against a deeply negative backdrop. The impressive results of lending to businesses are all the more important considering the following factors: net bad loans accounted for just over 1% of trade receivables; the NPL coverage ratio reached a staggering 86,4%, outperforming the banking industry; total impaired loans amounted to less than 30% of equity. These results show the market that the Bank was able to weather a situation we can no longer refer to as a “crisis”, but rather a “new normal” in which we will steadily and firmly support businesses, households, savers and stakeholders».

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Financial Preliminary Results Presentation