Bank Ifis archives the first quarter of 2017 with a net profit of 32,7 million euros, up by Present in several = 48,3% compared to the same period last year. The institute communicates it in a note, specifying that the intermediation margin rose 33,5%, to 102,3 million, while the net result of financial management increased by 49,4%, to 102,1 million. On the property front, the Cet1 and Total own funds capital ratio both amount to 15,4% (15,7% as at 31 December 2016).
"Banca Ifis is running, determined to produce excellent results in all businesses, consistently with its programs and in line with market expectations - commented John Bossi, CEO of Banca Ifis – In the first three months of 2017, the objectives were achieved, with results of the individual business units showing a positive trend and with prospects rapidly improving further thanks to cross selling”.
“We will continue to develop our strategic plan, continuing with the planned mergers of Ifis Factoring and Interbanca into Banca Ifis within the second half of the year – Bossi added – Furthermore, we are working towards a strategy of diversification of funding sources and entry into the debt market with the issuance of bonds, as approved by the Board of Directors and in line with the 2017-2019 strategic plan".
