Banca Ifis: acquisition of illimity Bank completed
Banca Ifis: net profit for 2023 up to 160 million Euro (+13,5%). Proposed distribution resolved of a final dividend in the amount of 47 million Euro
The 2023 net profit, net of PPA, represents an all-time record for the Bank. This is 16,8% higher than the target of 137 million Euro profit set for 2023 in the Group Business Plan. The net profit target for 2024 of around 160 million Euro has been confirmed, in line… Read More
Banca Ifis: net profit for the first nine months of 2023 up to 125 million Euro (+18.2%). Distribution resolved of an interim dividend 2023 in the amount of 63 million Euro
On 31st October 2023, Banca Ifis finalised the acquisition of Revalea, a Mediobanca Group company. The transaction aims to consolidate the Bank’s position as a key player in the market of non-performing loans in the small tickets unsecured segment. The favourable revenue trend, up 4.8% compared to the first nine… Read More
Banca Ifis: net profit for the first half of the year up 25,5% to 91 million Euro. Guidance for 2023 revised upwards
2023 profit guidance revised upwards: net profit of 160 million Euro is expected, up from 150 million Euro in February 2023 and the 2022-2024 Business Plan target of 137 million Euro. The new progressive dividend policy has been approved, providing for an increase in the payout ratio when the profit… Read More
