25 Jun 2015

Expanding new business streams

In the past week Banca IFIS has made two announcements that reinforce confidence in our expected profit growth. On 23 June it announced the acquisition of three NPL portfolios with a total nominal value of €883m, increasing the number of customers by c 100k (to 900k). On 17 June it announced an expansion into the niche pharmacy market. IFIS has strong capital and liquidity and can exploit market opportunities to grow.

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Expanding new business streams

Banca IFIS S.p.A. (IF:MIL) | 0 0 0.0%

Published: 25 Jun 2015
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In the past week Banca IFIS has made two announcements that reinforce confidence in our expected profit growth. On 23 June it announced the acquisition of three NPL portfolios with a total nominal value of €883m, increasing the number of customers by c 100k (to 900k). On 17 June it announced an expansion into the niche pharmacy market. IFIS has strong capital and liquidity and can exploit market opportunities to grow.