Q2 beat due to better asset quality In Q2 BANCA IFIS reported a stronger set of numbers with PBT being c20% above our figure chiefly due to lower LLPs. Q2 23 revenues of EUR 173m were 2% above our number (EUR 170m) with higher fees and other income more than offsetting a softer NII (down c3% QoQ) with a broad-based contribution across businesses. LLPs were EUR 6m (vs EUR 17m last year) in the quarter and were lower than expected thanks to more resilient asset quality. Total management overlay re ....