Banca IFIS announces that, with reference to the acquisition of the former GE Capital Interbanca Group announced on 28 July 2016 and finalized on 30 November 2016, today the institute - following the authorization received from the Bank of Italy – filed the plans for the merger by incorporation of IFIS Factoring and Interbanca into Banca IFIS.
The completion of the mergers will presumably take place in August 2017 for IFIS Factoring and in October 2017 for Interbanca.
The project is part of Banca IFIS's broader growth and development strategy, already declared at the time of finalizing the acquisition of the former GE Capital Interbanca Group. The rationalization of the Group structure and of the internal organizational structures will make it possible to achieve greater fluidity in operating and decision-making processes, increasing levels of integration, operating efficiency and profitability. Finally, completion of the merger of IFIS Leasing is expected by 2018.
