1 January – 30 June 2016
Reclassified data1:
31 March – 30 June 2016
Reclassified data1:
Comment on operations
Mestre (Venice), 28 July 2016 – The Board of Directors of Banca IFIS met today under the chairmanship of Sebastien Egon Fürstenberg and approved the interim financial report for the first half of 2016.“The Banca IFIS Group has been growing for several years now, and continued to grow also in the first half of the year across all segments”, said Giovanni Bossi, Banca IFIS CEO. “Although the comparison with 2015, when the rebalancing of the government bond portfolio resulted in a 124,5 million Euro capital gain, doesn’t express the results in a fair way, we performed positively across all business areas in the first six months of 2016, and can thus confirm the targets for the upcoming quarters.”
Total own funds here specified refers only to the Banca IFIS Group perimeter, which excludes the effects of the consolidation, for prudential purposes, of the parent company La Scogliera S.p.A. Common Equity Tier 1 capital includes the profit for the period net of estimated dividends. In the financial charts attached to this press release it is available also the own funds data comprehensive of these effects.
1 Net value adjustments on DRL receivables, totalling 16,4 million Euro at 30 June 2016 compared to 3,1 million Euro at 30 June 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.
2 Total own funds here specified refers only to the Banca IFIS Group perimeter, which excludes the effects of the consolidation, for prudential purposes, of the parent company La Scogliera S.p.A. Common Equity Tier 1 capital includes the profit for the period net of estimated dividends. In the financial charts attached to this press release it is available also the own funds data comprehensive of these effects.