Banca IFIS achieves FIRST PLACE in the 2009 rank of value creators and continues in its drive in the first nine months of 2010
Mestre, 10 November 2010. Banca IFIS's own funding sources grew by +45% in 2009 and by a further +38.2% in the first nine months 2010; net banking income increased by +19.5% in 2009 as a whole and rose by 26.7% in the first nine months of this year. Return on Equity was very good in 2009, equalling 11.6%, and improved still further over the first 9 months of 2010 (+13.1%). These are, in brief, the reasons for which Banca IFIS came top in the rank of leading banks published in 'Atlante delle banche leader 2010'.
" This acknowledgement boosts and motivates us to continue to do, ever better, what distinguishes us from the rest: supporting small and medium enterprises, a core pillar in the real economy, a sector requiring more and more support." said Giovanni Boss i, Banca IFIS's C.E.O.. "I would like to thank the entire Banca IFIS team who, passionately and dedicatedly, helped the bank reach this result and continue to contribute to the realisation of great results".
At the same time as it approved the results for the first nine months of 2010, Banca IFIS confirmed that the forecasts for the last few months of the year are also positive. In view of the growth rate in volumes recorded over the year and confirmed in October, and taking into account the current market context and the up-to-date information that Top Management have in their possession today, the Bank expects a further increase in the rate of growth in net profit in the last quarter 2010 when compared to that recorded in the first nine months of the year.
Banca IFIS (Bloomberg IF IM, Reuters IF MI) active since 1983 in financially supporting enterprises is, today, the only independent Italian bank specialising in the activity of financing small and medium en terprises' receivables. Listed in the STAR segment of the Italian Stock Exchange, Banca IFIS operates in a market segment experiencing a high growth rate, especially significant given today's economic context, with a unique business model based on asset-based financing which allows easier access to credit. In continuous expansion both in Italy and abroad, the Banca IFIS Group today has 25 branches in Italy, a branch in Paris, a subsidiary in Poland (Warsaw), representative offices in Romania (Bucharest) and Hungary (Budapest), a joint venture with the Punjab National Bank for the development of factoring in INDIA and agreements with over 200 banks worldwide. With more than 100 dedicated and in-house trained sales staff, the Banca IFIS Group has the most complete specialized sales network in Italy which guarantees the advantage of direct and personalized relationships with over 3,000 enterprises. At 31/12/2009, turnover (value of receivables managed) equalled 3.5 billion Euro, recording an annual weighted average growth rate in the last 10 years of 25.8%; net banking income stood at 80.8 million Euro; net profit amounted to 17.2 million Euro and non-performing loans / total loans equalled 1.6%.
Banca IFIS S.p.A. Head of Communications Mara Di Giorgio Tel +39 041 5027623 Fax:+39 0415027555 Cell: +39 335 7737417 firstname.lastname@example.org www.bancaifis.it
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