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BANCA IFIS S.p.A.: Banca Ifis: net profit for the quarter comes to 20,1 million Euro with two-figure growth seen in revenues from core business 3 The Banca Ifis Group s consolidated income statement for the first three months of 2021 reported a profit attributable to the Parent Company of 20,1 million Euro. Highlights from the Banca Ifis Group s income statements for the first three months of 2021 are set out below. Net banking income 1 Net banking income totalled 137,7 million Euro, up 30% from 106 million Euro at 31 March 2020. This increase of 31,8 million Euro is mainly linked to the following two factors: effect of the better general economic context on the ....
2 - 1 January 2020 / 31 December 2020 Net banking income of 468 million Euro (-16,2% on 31.12.2019), negatively impacted by the effects of the pandemic crisis. Operating costs of 308 million Euro (+4,4% on 31.12.2019), mainly due to the incurring of non-recurring costs. Improved asset quality with the disposal of 120 million Euro (GBV) in non-performing credits (mainly ex-Interbanca) in the Q4 2020. Capital requirements with the consolidation within La Scogliera · CET1 up to 11,29% (10,96% at 31 December 2019) versus an SREP requirement of 8,12%; TCR: 14,85% (14,58% at 31 December 2019) versus an SREP requirement of 12,5%. Requirements are calculated net of the 2019 dividend (Euro 1,1 per share), payment of which is suspended as a result of the recommendations of the Bank of Italy and the 2020 dividend (Euro 0,47 per share), which will be proposed for approval by the Shareholders Meeting in April 2021. ....
BANCA IFIS S.p.A.: Banca Ifis exceeds targets and closes 2020 with profit of 68,8 million Euro. Geertman joins the Board of Directors 5 In order to fully implement the Group s business model, as envisaged by the 2020-2022 Business Plan, changes have been made to the operating Segments previously stated: the Enterprises Segment, renamed Commercial & Corporate Banking groups together the commercial activities intended for enterprises and excludes the portfolios of loans disbursed by Interbanca before the acquisition and set to run-off (previously aggregated into the Enterprises Segment); the Npl Segment has been kept in line with the past, while the Segment, now called Governance & Services and Non-Core, has been integrated into the non-core section, which includes the portfolios excluded from Commercial & Corporate Banking. ....
(2) Banca Ifis: Frederik Geertman will be taking on the position of Chief Executive Officer starting from the Shareholders Meeting held for the 2020 financial statements to speed up the growth and digitisation process The current CEO Luciano Colombini will remain in his role until April 2021 and as a director of the subsidiaries on whose boards he currently sits through to April 2022 Rome, 21 December 2020 - Banca Ifis declares that, following the agreements reached with the Bank s controlling shareholder, La Scogliera S.p.A., the Chief Executive Officer, Luciano Colombini, today announced his intention of renouncing his mandate as Director, including CEO, on the board starting April 2021 for the parent company and from April 2022 for the subsidiaries in which he today holds a position. The decision will be formalised in a board meeting envisaged for this coming February and will take effect from the Shareholders Meeting called to resolve on the draft financial state ....