Full year 2014
1 January-31 December
4th quarter 2014
1 October – 31 December
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».