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Banca IFIS SpA (IF.MI)

IF.MI on Milan Stock Exchange

36.48EUR
23 Feb 2018
Change (% chg)

€0.20 (+0.55%)
Prev Close
€36.28
Open
€36.22
Day's High
€36.80
Day's Low
€35.76
Volume
66,062
Avg. Vol
145,073
52-wk High
€49.67
52-wk Low
€27.71

Latest Key Developments (Source: Significant Developments)

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

Banca Ifis to buy control of Cap.Ital.Fin​
Friday, 24 Nov 2017 03:02am EST 

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 08:09am EST 

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: deed of merger of Interbanca into Banca IFIS signed
Wednesday, 4 Oct 2017 02:29am EDT 

Oct 4(Reuters) - BANCA IFIS SPA ::ANNOUNCED ON TUESDAY THAT IT HAS SIGNED THE DEED OF MERGER BY INCORPORATION OF INTERBANCA SPA INTO BANCA IFIS SPA, EFFECTIVE OCT. 23 .IFIS LEASING SPA WILL BE MERGED INTO BANCA IFIS IN 2018 .MERGER WILL TAKE EFFECT WITHOUT ANY CAPITAL INCREASE .BANCA IFIS SHARES WILL BE ATTRIBUTED TO THE MINORITY SHAREHOLDERS OF INTERBANCA AT A SWAP RATIO OF 1 OF BANCA IFIS'S SHARE FOR EVERY 3.29 OF INTERBANCA SHARES .THE SHARES OF INTERBANCA OWNED BY BANCA IFIS WILL BE CANCELLED .  Full Article

Banca IFIS intends to issue a Tier 2 subordinated bond
Monday, 2 Oct 2017 05:35am EDT 

Oct 2 (Reuters) - BANCA IFIS SPA ::‍BANCA IFIS MANDATED NOMURA, UBS AND UNICREDIT AS IT ASSESSES LAUNCHING TIER 2 BOND IN EURO, 10 YEARS, CALLABLE AFTER 5​.  Full Article

Banca IFIS closes first senior financing deal, buys loan portfolios worth EUR 1.7 bln
Thursday, 28 Sep 2017 05:41am EDT 

Sept 28 (Reuters) - BANCA IFIS SPA ::CONCLUDES ITS FIRST SENIOR FINANCING TRANSACTION IN NPL SECTOR.MOREOVER, BANK HAS ACQUIRED 3 NON-PERFORMING/PERFORMING PORTFOLIOS, TOTALING A NOMINAL VALUE OF OVER 1,7 BILLION EURO.SENIOR FINANCING OPERATION IS A LOAN TO FINANCE ACQUISITION, THROUGH A SECURITIZATION COMPANY, OF A NPL SECURED PORTFOLIO.ACTED AS A LENDER BY SUBSCRIBING SENIOR, AND A PART OF JUNIOR, NOTES ISSUED BY SECURITISATION COMPANY THROUGH WHICH CERBERUS ACQUIRED THE NPL ASSETS.  Full Article

Banca IFIS Q2 net profit up at EUR 71.0 million
Tuesday, 8 Aug 2017 05:46am EDT 

Aug 8 (Reuters) - BANCA IFIS SPA ::Q2 NET PROFIT EUR 71.0 MILLION VERSUS EUR 17.1 MILLION YEAR AGO.Q2 NET BANKING INCOME EUR 147.8 MILLION VERSUS EUR 74.3 MILLION YEAR AGO.  Full Article