8 August 2017

APPROVED THE RESULTS FOR THE FIRST SIX MONTHS OF 2017

Highlights – 1st Half 2017 Results
(1 January -30 June)

  • Net banking income: 250,0 million Euro (+65,7%);
  • Net profit from financial activities: 268,5 million Euro (+98,7%);
  • Operating costs: 122,6 million Euro (+59,7%);
  • Profit for the period: 103,7 million Euro (+165,0%);
  • Credit risk cost of loans to SMEs positive for 14 bps;
  • SMEs net bad –loan ratio (excluding NPL Area): 1,4% (+0,2%);
  • SMEs gross bad-loan coverage ratio: 90,7% (-1,3%);
  • Total Group employees : 1.404 people (1.323 at 31 December 2016);
  • Common Equity Tier 1 (CET1): 16,4% (15.7% at 31 December 2016);
  • Total Own Funds Capital Ratio: 16,4% (15.7% at 31 December 2016);

Highlights – 2nd Quarter 2017 Results
(1 April – 30 June)

  • Net banking income: 147,8 million Euro (+98,8%);
  • Net profit from financial activities : 166,4 million Euro (+149,0%);
  • Operating Costs: 66,2 million Euro (+61,6%);
  • Profit for the period: 71,0 million Euro (+315,6%);

Mestre (Venice) – 8 August 2017

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 2017.
“The results approved today are in line with the commitments made to shareholders at the time of the Interbanca Group’s acquisition as well as the announcement of the 2017-2019 strategic plan”, said Giovanni Bossi, Banca IFIS CEO. “Above all, I want to underscore the consistency of our performance with the business model adopted by Banca IFIS. Our results testify to the success of our efforts to integrate and develop the businesses. We are focusing on the bank’s core segments and the technological tools supporting the relationship with customers and our market growth. We have come a long way in the past few months, but have much further still to go: the company has significant potential and tremendous growth opportunities. We have a duty to continue creating value. Our history shows that since 2002 we have always generated returns on capital above 10%: it is this strength and responsibility that accompanies our every day decisions”.

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