Price 31/12/2017 €40.77
IFIS 2017 Interactive Annual Report
Market Cap €2.2bn
to 31/12/2017 €40.77
to 31/12/2017 2.45%
to 31/12/2017 €2.2bn
- Banca IFIS (IF.MI) is a specialty finance player, specialized in financing SME’s with a complete range of financial tools, from short-term to medium/longer term finance and structured finance.
- Banca IFIS is also a leader in the Italian NPL market and present in the tax receivables sector.
- The Group has a strong and diversified business model that enables outstanding results in terms of profitability and credit quality.
- There are three key pillars for management decision-making: profitability, liquidity and solidity.
- Founded in 1983 by Sebastien Egon Furstenberg, the current chairman, Banca IFIS has been listed on the Milan Stock Exchange (Star segment) since 2003, with a market cap of over €2 bln at the end of 2016.
- The Bank acquired the Interbanca Group in 2016, Cap.Ital.Fin S.p.A. at the start of 2018 and announced the acquisition of Credifarma S.p.A.
- On the funding side, the bank successfully launched rendimax, an online savings account in 2008 and completed in 2017 the issuance of a €400 mln Tier 2 bond as well as announcing a €5 bln EMTN programme.
NBI contribution by segment
NPL managed and purchased
(gross BV) - Eu Bn
FUTURE OPPORTUNITIES FOR GROWTH
- Banca IFIS is well placed to continue to capitalize on the restructuring of bank balance sheets in Italy and the rest of Europe through acquisitions of NPL portfolios.
- Continued organic focus on SME trade finance (micro, small and medium sized enterprises) that is less competitive and traditional banks find difficult to service.
- Leveraging the acquisition of the former Interbanca Group, finalized in late November of 2016.
- Completes full range of services for SMEs.
- Acquisition brings valuable skills, size and capital to the Group.
- Development in financing the different production chains in Italy.
- ONGOING: in 2018 focus on the acquisitions of Credifarma (financing Italian pharmacies) and Cap.Ital.Fin S.p.A. (salary-backed loans).
Four years of consistent
and solid growth
The chart shows the Shareholders of Banca IFIS that directly or indirectly hold financial instruments representing the capital with voting rights of Banca IFIS over 3%, or over 2% for Shareholders who are also Directors of the Bank.
- Letter from the Chairman and the CEO to Shareholders
- Methodological background
- Business model
- Group structure
- Reference markets
- Topics material to stakeholders
- Governance and risk management
- IFIS Integrity
- IFIS People
- IFIS Customers
- IFIS Responsibility
- Methodological Note
- Introductory notes on how to read the data
- Group KPIs
- Reclassified results by business segment
- Reclassified Quarterly Evolution
- Reclassified Group Historical Data
- APM – Alternative Performance Measures
- Results’ presentation
- Impact of regulatory changes
- Contribution of business segments
- Group financial and income results
- Main risks and uncertainties
- Banca IFIS shares
- Significant events occurred during the year
- Significant subsequent events
- Other information
- Part A – Accounting policies
- Part B – Consolidated statement of financial position
Part C – Consolidated income statement
- Section 1 – Interest - Items 10 and 20
- Section 2 – Commissions - Items 40 and 50
- Section 3 – Dividends and similar income - Item 70
- Section 4 – Net profit (loss) from trading - Item 80
- Section 6 – Profit (loss) from sale or buyback - Item 100
- Section 8 – Net impairment losses/reversals - Item 130
- Section 11 – Administrative expenses – Item 180
- Section 12 – Net allocations to provisions for risks and charges – Item 190
- Section 13 – Net impairment losses/reversals on property, plant and equipment – Item 200
- Section 14 – Net impairment losses/reversals on intangible assets - Item 210
- Section 15 – Other operating income (expenses) - Item 220
- Section 19 – Profit (Loss) from sale of investments - Item 270
- Section 20 - Income taxes for the year relating to current operations - Item 290
- Section 23 – Other information
- Section 24 – Earnings per share
- Part D - Consolidated statement of comprehensive income
- Part E - Information on risks and risk management policies
- Part F – Consolidated equity
- Part G – Business combinations
- Part H – Related-party transactions
- Part I – Share-based payments
- Part L - Segment reporting
- Country-by-country reporting