Italian Digital Bank illimity Reports €31 Million Net Profit for 2020
Italian Digital Bank illimity Reports €31 Million Net Profit for 2020 February 11, 2021 @ 9:36 am By JD Alois illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year included in its earnings guidance, guaranteeing shareholders a Return On Equity (ROE) of 5.5% despite the challenging economic situation created by the pandemic. “The bank has never once interrupted its growth path in thi...