Banca Ifis Company Overview and Financial Performance

Banca Ifis is a leading Italian bank that has been in operation since 2014. It was founded by Carlo Cimbali and Giuseppe di Dio.

The bank's headquarters is located in Milan, Italy, and it has a significant presence in the country's financial market. Banca Ifis has a strong focus on corporate and investment banking.

Banca Ifis has a diverse range of services, including asset management, corporate finance, and securities trading. Its expertise in these areas has helped the bank to establish a strong reputation in the Italian financial industry.

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Banca Ifis has made significant strides in its financial performance over the years.

The bank's net profit for the period was 68.3 million euros in 2019, with a net banking income of 279.2 million euros for the same year.

In the 2nd quarter of 2019, the bank's net banking income increased by 7.5% compared to the same quarter in 2018, reaching 149.1 million euros.

Net profit from financial activities also saw a significant increase of 15.9% in the 2nd quarter of 2019, reaching 127.1 million euros.

Here are the key financial highlights for Banca Ifis in 2019:

The bank's financial statements for 2018 were approved by the Ordinary Shareholders' Meeting, with a distribution to shareholders of a dividend announced.

Banca Ifis' financial performance is a testament to the bank's commitment to growth and stability.

Banca Ifis has a clear focus on growth and financial solidity, aiming to increase its net profit to 147 million Euro by 2022.

The bank plans to achieve this goal by improving its core businesses and reducing reliance on extraordinary income.

A key aspect of this strategy is investing 60 million Euro to support growth and further improve financial solidity.

Having a solid business plan in place is crucial for any company's success. Banca Ifis' three-year business plan is a great example of this.

The bank aims to increase its sustainable profit to 147 million Euro by 2022. This will further improve its financial solidity and support growth.

Investments are a key part of the plan, with 60 million Euro allocated for various projects. This will likely have a positive impact on the company's bottom line.

Banca Ifis is also focusing on hiring new talent, with 190 new employees joining the team. This will help the company expand its operations and improve its services.

By prioritizing financial solidity and growth, Banca Ifis is setting itself up for long-term success.

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Banca Ifis' growth and diversification strategy was centered around increasing its market share through its core business of financial and management support for Small and Medium Enterprises (SMEs) in Italy and abroad.

In 2008, Banca Ifis entered the retail market with the launch of Rendimax, a high-yield online savings account. This move marked a significant departure from its traditional focus.

The bank expanded its retail offerings in 2013 with the launch of Contomax, an online checking account. This further solidified its presence in the retail market.

In 2011, Banca Ifis branched out into the purchase and management of non-performing loans by acquiring Toscana Finanza, which would become its second core business.

Banca Ifis has a significant market presence in Italy, with a strong network of branches and a significant share of the domestic market.

The bank has a presence in 22 regions across the country, with a total of 230 branches and a workforce of over 2,000 employees.

Banca Ifis has a strong focus on serving small and medium-sized enterprises, providing them with tailored financial solutions and a wide range of products and services.

The bank's commitment to innovation has enabled it to stay ahead of the competition, with a digital platform that allows customers to access their accounts and services online.

Banca Ifis has a significant share of the Italian market, with a market share of over 4% in the domestic banking sector.

Banca Ifis's shareholder returns have been impressive, with the company exceeding the Italian Diversified Financial industry's returns over the past year.

In fact, IF's 1-year return of 28.3% far surpasses the industry average of 1.6%. This is a testament to the company's strong performance and potential for future growth.

The company's shareholding structure is dominated by La Scogliera, which owns a significant 50.50% of Banca Ifis's share capital. Here is a breakdown of the top shareholders:

Banca Ifis was authorised to carry out banking activities in 2002 and changed its name from Ifis to Banca Ifis SpA.

This significant change marked the beginning of a new era for the company.

Banca Ifis joined Factor Chain International in 2002 to operate on a global level, after opening branches in Romania and Poland.

Opening branches in these countries was a strategic move to expand the company's reach.

In 2003, Banca Ifis was admitted to the MTA (Mercato Telematico Azionario, the Online Stock Market).

This listing allowed the company to tap into a broader investor base.

Banca Ifis entered the STAR[it] segment in 2004, taking another step towards becoming a prominent player in the market.

This move demonstrated the company's commitment to growth and expansion.

Banca Ifis's share capital is divided into 53,811,095 ordinary shares with a par value of 1 euro.

The company's shareholding structure is dominated by La Scogliera, which owns 50.50% of the company's share capital.

The shareholding structure is updated on a regular basis, with the most recent data available as of 17 April 2024.

Banca Ifis's shareholders can be broadly categorized into four groups: La Scogliera, Preve Riccardo, Market, and Treasury shares.

Here's a breakdown of the shareholding percentages of these four groups:

Overall, the shareholding structure of Banca Ifis is concentrated in the hands of a few major shareholders, with La Scogliera holding a significant majority stake.

Banca Ifis has been actively expanding its operations in Italy, with a significant presence in the country's banking sector. The bank has a strong focus on the small and medium-sized enterprises (SMEs) segment, offering a range of financial services to support their growth.

Banca Ifis has a large network of branches across Italy, with a strong presence in the northern regions. This extensive network allows the bank to provide personalized services to its customers.

The bank's commitment to innovation is evident in its adoption of digital technologies, enabling customers to access a range of services online.

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Banca Ifis launches "Ifis Art", a factoring solution that provides immediate liquidity for companies.

This solution helps businesses overcome cash flow issues and maintain financial stability.

Banca Ifis offers factoring solutions that cater to various company needs.

Their main products are listed below, and they'll help you find the ideal solution for your company.

Understanding the ICT spend and priorities of a company can be a daunting task, especially for those outside the industry. IT Client Prospector provides valuable intelligence on Banca IFIS SpA's likely spend across technology areas.

This intelligence enables you to grasp the digital strategy of the company. Banca IFIS SpA's ICT spend is a crucial aspect of its overall business strategy.

IT Client Prospector offers a unique perspective on the company's technology priorities, helping you make informed decisions.

Banca Ifis operates in a competitive Italian banking landscape, with a strong presence in the country's north. The bank is part of the country's third-largest banking group, UBI Banca.

Banca Ifis focuses on serving small and medium-sized enterprises (SMEs) and mid-caps, offering a range of financial products and services tailored to their needs. This focus allows the bank to differentiate itself from larger competitors that may not offer the same level of personalized service.

In the world of finance, price volatility is a major concern for investors. IF's price has been relatively stable, with an average weekly movement of 3.0%.

One way to gauge volatility is to compare it to other stocks in the same industry. The diversified financial industry has an average movement of 4.2%, while the market average is also 4.2%. This means IF's price has been less volatile than many of its peers.

Looking at the bigger picture, we can see that IF's weekly volatility has been stable over the past year, at 3%. This is a good sign for investors who value predictability.

Here's a comparison of IF's volatility with other stocks in the IT market:

This comparison shows that IF's price has been relatively stable compared to other stocks in the IT market. In fact, it's even more stable than some of the least volatile stocks in the market.

In the competitive landscape of Italian banking, several key players are vying for market share.

Banca IFIS SpA and illimity Bank S.p.A. are both public entities with headquarters in Italy.

Banca IFIS SpA is headquartered in Venezia, while illimity Bank S.p.A. is based in Milano.

The number of employees varies significantly among these competitors, with Banca IFIS SpA boasting 1,940 staff members.

In contrast, illimity Bank S.p.A. has a much smaller workforce of 927 employees.

doValue S.p.A. has the largest workforce with 3,018 employees, while Banca Sistema S.p.A. has the smallest with 312 employees.

BFF Banking Group is a private entity, setting it apart from the other competitors.

Here's a breakdown of the key parameters for each competitor:

Banca Ifis entered the leasing, medium-term lending, and structured finance fields in 2016 with the acquisition of Ge Capital Interbanca for 119 million Euro.

This marked the beginning of a period of significant growth and expansion for the bank.

Banca Ifis acquired 70% of Credifarma S.p.A. in 2018, entering the pharmacy lending sector.

The bank also acquired Cap.Ital.Fin. S.p.A., a financial intermediary specialized in personal salary-backed loans, in the same year.

In 2019, Banca Ifis purchased FBS S.p.A. for €58.5 million and later acquired the remaining 10% of its share capital, becoming its sole shareholder.

The bank established the Central Business Department in 2019 to support enterprises.

Banca Ifis successfully completed the competitive process for the purchase of 70.77% of the share capital of Farbanca S.p.A.