Profile: Banca IFIS SpA (IF.MI)

Banca Ifis SpA is an Italy-based bank primarily engaged in the sector of trade receivables, non-performing loans and tax receivables. The Bank operates through five divisions: Banca IFIS, which is active in the supporting of trade receivables of small and medium sized enterprises operating in the Italian market; Banca IFIS International, which provides services to companies operating or based abroad; Banca IFIS Pharma, which supports trade receivables of local health services suppliers; Toscana Finanza, which is engaged in the activities of the business unit operating in the non-performing loans sector, and Fast Finance, which is mainly involved in the tax receivables sector. Banca Ifis SpA is active in Italy and abroad, including Poland, Romania, Hungary and India, among others. As of December 31, 2011, it operated through 27 branches.