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Banca IFIS SpA (IF.MI)

IF.MI on Milan Stock Exchange

38.98EUR
16 Jan 2018
Change (% chg)

€-0.50 (-1.27%)
Prev Close
€39.48
Open
€39.76
Day's High
€40.18
Day's Low
€38.98
Volume
99,830
Avg. Vol
138,353
52-wk High
€49.67
52-wk Low
€24.40

Latest Key Developments (Source: Significant Developments)

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

GE to sell its shares in GE Capital Interbanca SpA to Banca IFIS SpA
Thursday, 28 Jul 2016 

General Electric Co : Entered into an agreement with banca ifis s.p.a to sell its shares in ge capital interbanca s.p.a in italy .Transaction includes employees of business and represents ending net investment of approximately us$3.7 billion as of end of q1.  Full Article

Banca IFIS signs contract with GE Capital to buy GE Capital Interbanca
Thursday, 28 Jul 2016 

Banca IFIS SpA : Concludes contract with ge capital for acquisition of 99.99 pct interest in GE Capital Interbanca SpA for 160 million euros ($177.04 million) . The acquisition does not involve a share capital increase .The transaction involves 99.99 pct of the shares in GE Capital Interbanca, including the companies operating in the factoring, financial lease, operating lease, and lending segments.  Full Article

Banca IFIS finalizes acquisition of two unsecured NPL portfolios for EUR 176 mln
Thursday, 7 Jul 2016 

Banca IFIS SpA : Announces the closing of two purchase deals of two unsecured non-performing loan (NPL) portfolios for a total nominal value of 176 million euros ($195.06 million) . First portfolio, which has a nominal value of about 104 million euro and corresponds to 3,900 positions, is mainly composed of credit card overdrafts (65 percent) .Second transaction is a forward flow agreement and involves a monthly transfer of about 6 million euros of non performing loans for 12 months, for the total nominal value of 72 million euros.  Full Article

BRIEF-Banca Ifis: NPL Purchases Of Nominal Value Of Over EUR 197 Mln

* NEW RETAIL AND CORPORATE NPL PURCHASES FOR OVER 197 MILLION EURO​