The Board of Directors of Banca IFIS, which met today under the chairmanship of Sebastien von Furstenberg, approved the results for the first nine months of 2013: in the third quarter of the year the intermediation margin increased by 3,5% at 62,4 million euro, the net result of financial management increased by 13,8% to 54,1 million euro, while the net profit rose by +14,3% to 23,1 million euro.
Taking all nine of the first months into consideration, however, net profit grew by 67,1 million euros with an increase of 15,8%, equal to that of the intermediation margin at 194,1 million euro. The growth of the net result of financial management is 13,9% to 159,6 million euro, as well as the cost/income ratio appears to be constantly improving: 28,3% compared to 30,5% in the nine months of 2012. The bad debts/loans ratio in the Trade Credits sector is now 2,9% compared to 4,3% (December 2012). Solvency equal to 14,1%, Core Tier 1 at 14,3%.
Giovanni Bossi, managing director of Banca IFIS, comments on the trend in the third quarter as follows: “The results achieved are excellent. On this basis we continue to build our work by listening and trying to give continuous answers to those who turn to us. We have rolled up our sleeves to offer our customers - whether they are account holders, businesses or families - a healthy and new way of "doing banking", an exercise that we have been carrying out for the past thirty years. Our will is to create a tailor-made service together with the customer, assembled after listening to the needs of each individual person or company. In doing this, Banca IFIS can count on a business model whose central focus is attention to those who place their trust in us, an intangible asset par excellence that allows us to generate continuous value, not occasional gain. Our "banking" is aimed at concretely supporting the real economy of this country in a historic moment in which taking risks responsibly means having the courage to give our best, to be timely and transparent in our responses. We are not interested in short-term results, but we are aware that good intuition, associated with excellent work, will be capable of generating not only economic but also social value".
At 13,30 pm the Banca Ifis share, listed on Piazza Affari, travels just above parity, a 11,26 euros per share after reaching 11,49 euros.
