Edition:
India

Banca IFIS SpA (IF.MI)

IF.MI on Milan Stock Exchange

27.80EUR
22 Jun 2018
Change (% chg)

€0.14 (+0.51%)
Prev Close
€27.66
Open
€27.76
Day's High
€27.86
Day's Low
€27.58
Volume
13,788
Avg. Vol
203,320
52-wk High
€49.67
52-wk Low
€21.26

Latest Key Developments (Source: Significant Developments)

Banca IFIS Signs Agreement To Buy 90 Pct Of FBS For EUR 58.5 Mln
Tuesday, 15 May 2018 

May 15 (Reuters) - Banca IFIS SpA ::SIGNS AGREEMENT TO BUY 90 PERCENT OF FBS FOR EUR 58.5 MILLION.CLOSING OF ACQUISITION IS EXPECTED FOR SEPT.FBS OPERATES IN NPL SEGMENT AS SERVICING SPECIALIST.SCOPE OF TRANSACTION INCLUDES PROPRIETARY PORTFOLIO OF NON-PERFORMING LOANS OVER 1.28 BILLION EURO.FBS MANAGES ABOUT 7.0 BILLION OF NPL.  Full Article

Banca Ifis Q1 Net Profit Up At EUR 37.9 Mln
Thursday, 10 May 2018 

May 10 (Reuters) - Banca IFIS SpA ::Q1 NET PROFIT EUR 37.9 MILLION VERSUS EUR 32.7 MILLION YEAR AGO.Q1 NET BANKING INCOME EUR 139.4 MILLION VERSUS EUR 103.5 MILLION YEAR AGO.  Full Article

Banca Ifis To Incorporate Unit Ifis Leasing
Friday, 20 Apr 2018 

April 20 (Reuters) - Banca IFIS SpA ::BOARD APPROVES INCORPORATION OF UNIT IFIS LEASING.  Full Article

Banca Ifis: NPL Purchases Of Nominal Value Of Over EUR 197 Mln
Friday, 22 Dec 2017 

Dec 22 (Reuters) - BANCA IFIS SPA ::NEW RETAIL AND CORPORATE NPL PURCHASES FOR OVER 197 MILLION EURO​.SAYS ‍FIRST PORTFOLIO WITH NOMINAL VALUE OF 143 MILLION EUROS WAS SOLD BY A LEADING ITALIAN FINANCIAL COMPANY IN CONSUMER CREDIT SECTOR​.‍SECOND TRANSACTION CLOSED WITH MAJOR ITALIAN BANKING GROUP AND INVOLVED PURCHASE OF MIXED LOANS (CORPORATE AND RETAIL) WORTH 55 MILLION EURO​S.  Full Article

Banca IFIS buys two bad loan portfolios for 336 mln euros
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Banca IFIS::CLOSES TWO MORE NPL DEALS FOR A TOTAL OF 336 MILLION EUROS.CONFIRMS FORECAST OF 5 BILLION EURO TOTAL PURCHASES THIS YEAR.SEES TOTAL OF 13.2 BILLION EUROS IN NPL RECEIVABLES IN PORTFOLIO AT END-2017, CONFIRMING POSITION AS MARKET LEADER IN UNSECURED, RETAIL SEGMENT.ONE OF THE TWO DEALS WAS WITH INTESA SANPAOLO ON UNSECURED RECEIVABLES FROM LEASING CONTRACTS WITHOUT GUARANTEE FOR NOMINAL 85 MILLION EUROS.SECOND PORTFOLIO IS FROM ITALIAN COMPANY ACTIVE IN NPL MARKET HAS NOMINAL VALUE OF 251 MILLION EUROS.  Full Article

Banca Ifis to buy control of Cap.Ital.Fin​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - BANCA IFIS SPA ::‍SIGN BINDING OFFER FOR ACQUISITION OF CONTROL OF CAP.ITAL.FIN S.P.A.​.‍CLOSING OF TRANSACTION IS EXPECTED IN FIRST MONTHS OF 2018​.‍PURCHASE WILL BE FUNDED USING BANK'S OWN FUNDS​.  Full Article

Banca IFIS 9-month net profit jumps to EUR 149.1‍​ mln
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - BANCA IFIS SPA ::9-MONTH NET BANKING INCOME EUR 371.3‍​ MILLION VERSUS EUR 237.7 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 149.1‍​ MILLION VERSUS EUR 66.3 MILLION YEAR AGO.  Full Article

Banca IFIS FY prelim. net profit jumps to EUR 687.9 mln
Thursday, 9 Feb 2017 

Banca IFIS SpA : FY preliminary net profit 687.9 million euros ($734.47 million) versus 162.0 million euros a year ago, contributed by the acquisition of the former Interbanca Group . FY preliminary net banking income amounted to 326.0 million euros, down 19.4 pct compared to 2015 .Estimates 0.82 euro dividend per share.  Full Article

Banca IFIS sells 861 mln euro non performing loan porfolio
Tuesday, 25 Oct 2016 

Banca IFIS SpA : Sells 861 million euros ($937.72 million) in non performing loans . The non-performing loan portfolio corresponds to about 42,000 positions .The portfolio was transferred to the secondary consumer credit market and consists of advanced-age assets.  Full Article

Banca IFIS Q2 net profit down at 17.1 mln euros yoy
Thursday, 28 Jul 2016 

Banca IFIS SpA : Q2 net profit 17.1 million euros ($18.95 million) versus eur 104.6 million euros year ago .Q2 net banking income 74.3 million euros versus 192.8 million euros year ago.  Full Article

Italian debt collector IFIS buys rival FBS to expand into secured loans

MILAN, May 15 Italy's Banca IFIS has agreed to buy rival FBS as it expands its collection business beyond a traditional focus on unsecured loans to include corporate and property-backed debt.