First nine months of 2014
1 January-30 September
3rd quarter 2014
30 June-30 September
The Board of Directors of Banca IFIS met today under the chairmanship of Sebastien von Furstenberg and approved the interim report for the first nine months of 2014.
“Excellent credit quality is the key element of this last quarter – stated the CEO Giovanni Bossi – and it should be noted that this result was achieved although the scenario is still adverse. The improvement is not limited to bad loans, which have become substantially negligible: it involved all impaired loans categories in general. This confirms that our business model, which supports SMEs without prejudice to credit quality, is successful. The results – Mr Bossi added – are satisfying in terms of profits, equity, and available liquidity. In the next quarters, then, the Bank will continue to support Italy’s real economy, generating positive returns for shareholders and improving its growth prospects”.