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Banca IFIS SpA (IF.MI)

IF.MI on Milan Stock Exchange

15.68EUR
15 Nov 2018
Change (% chg)

€-0.17 (-1.07%)
Prev Close
€15.85
Open
€15.83
Day's High
€16.21
Day's Low
€15.61
Volume
169,691
Avg. Vol
207,874
52-wk High
€43.08
52-wk Low
€13.31

Latest Key Developments (Source: Significant Developments)

Banca Ifis Buys Two NPL For Gross Book Value Of EUR 454 Mln
Wednesday, 14 Nov 2018 07:29am EST 

Nov 14 (Reuters) - Banca IFIS SpA ::SAYS BUYS TWO NPL FOR NOMINAL VALUE EUR 454 MILLION.  Full Article

UK's FCA Temporarily Prohibits Short Selling In Banca IFIS And Biesse
Tuesday, 9 Oct 2018 02:18am EDT 

Oct 9 (Reuters) - UK'S Financial Conduct Authority: :TEMPORARILY PROHIBITS SHORT SELLING IN BANCA IFIS AND BIESSE.  Full Article

Banca Ifis Probably Will Not Confirm 2019 Target, But Needs To Wait For New Industrial Plan - Investor Relations Head
Wednesday, 3 Oct 2018 10:07am EDT 

Oct 3 (Reuters) - Banca IFIS SpA ::PROBABLY WILL NOT CONFIRM 2019 TARGET, BUT NEEDS TO WAIT FOR NEW INDUSTRIAL PLAN - INVESTOR RELATIONS HEAD.  Full Article

Banca Ifis CEO Sees Max Spread Impact Of 17 Bps From Govt Securities Portfolio
Wednesday, 3 Oct 2018 08:00am EDT 

Oct 3 (Reuters) - Banca Ifis Chief Executive Officer Giovanni Bossi in a conference call::SAYS GOVERNMENT SECURITIES PORTFOLIO AMOUNTS TO EUR 400 MILLION, ESTIMATES MAX SPREAD IMPACT AT 17 BASIS POINTS.SAYS BANK'S FREE CASH FLOW AMOUNTS TO EUR 1.3 BILLION AND EUR 200 MILLION ARE ENOUGH TO MEET CAPITAL RATIO REQUIREMENTS.EXPECTS FY 2018 NET PROFIT OF ABOUT EUR 140 MILLION.  Full Article

Banca IFIS To Evaluate Issue Of 5-Year Bond
Monday, 9 Apr 2018 01:16pm EDT 

April 10 (Reuters) - BANCA IFIS SPA ::SAID ON MONDAY THAT IT HAS MANDATED BNP PARIBAS, NOMURA AND UNICREDIT TO ARRANGE INVESTOR MEETINGS TO EVALUATE THE POSSIBLE ISSUE OF A SENIOR PREFERRED UNSECURED 5-YEAR BOND IN EURO.THE TRANSACTION WOULD BE PART OF THE 5 BILLION EURO EMTN PROGRAMME.  Full Article

Banca IFIS To Incorporate IFIS Leasing
Tuesday, 20 Mar 2018 08:46am EDT 

March 20 (Reuters) - BANCA IFIS SPA ::FILES PROJECT TO INCORPORATE IFIS LEASING, EXPECTS TO FINALIZE OPERATION IN MAY.  Full Article

Banca Ifis Finances NPL Portfolio Acquisition By Cerberus Affiliate
Thursday, 22 Feb 2018 06:44am EST 

Feb 22 (Reuters) - BANCA IFIS SPA ::TOGETHER WITH CERBERUS FOR FINANCING TRANSACTION OF NPL PORTFOLIO.NON-PERFORMING LOANS PORTFOLIO WAS BOUGHT BY AFFILIATE OF CERBERUS CAPITAL MANAGEMENT.BANCA IFIS ACTED AS LENDER FOR PORTFOLIO ACQUISITION WITH INVESTMENT OF ABOUT 40 MILLION EURO.  Full Article

Banca Ifis FY Net Profit At 180.8 Million Euros
Thursday, 8 Feb 2018 08:44am EST 

Feb 8 (Reuters) - BANCA IFIS SPA ::GUIDELINE FOR DIVIDEND IS EUR 1 PER SHARE.FY NET BANKING INCOME 519.6 MILLION EUROS, UP 59.4 PERCENT YEAR ON YEAR.FY NET PROFIT 180.8 MILLION EUROS, VERSUS 697.7 MILLION EUROS (RESTATED) YEAR AGO.  Full Article

Banca Ifis: NPL Purchases Of Nominal Value Of Over EUR 197 Mln
Friday, 22 Dec 2017 08:46am EST 

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 09:39am EST 

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

Italy's new bank to invest 3 bln euros in bad loans, chase high-margin debt

MILAN, July 20 An Italian bank being set up with backing from former Barclays chief Bob Diamond said on Friday it aimed to trounce industry returns by chasing higher-margin borrowers and going digital to keep costs down.