Net revenues at €138mln, up vs. 1Q19 and 1Q20. Net revenues excluding PPA at €126mln, up vs. 1Q19, 1Q20 and 4Q20
NPL cash collection at record high at €81mln, up vs. 1Q19, 4Q20 and 1Q20
Loan loss provisions at €16mln, including €8mln prudent Covid-19 provisions on performing loans. Net Npe ratio* at 3.4% in March 21, among the best in class of Italian banks
CET1 at 11.77% (+0.48% since 4Q 20) excluding 1Q21 net income (15.97% without the consolidation within La Scogliera)
2020 dividends of €25mln** to be paid on 26 May 2021. 2019 dividends of €59mln***, still to be paid, are booked as debt to shareholders
*It Includes customer loans in Commercial Banking, Non Core and G&S. It excludes Npl business and €1.2bn Government bonds at amortized costs in G&S
** €0.47 per share . The dividend was defined in compliance with the parameters set by the Bank of Italy's recommendation of 16 December 2020 in which the latter expects that dividends and buy-backs of treasury shares do not exceed the lowest between 15% of the cumulated net profits for 2019- 20 and 20 bps of the Common Equity Tier 1 (CET1) ratio
*** €1.1 per share
4
Net revenues up vs. 1Q19 and 1Q20
Net revenues of €138mln (up vs. 1Q20 and 1Q19), benefiting from the ongoing recovery in macroeconomic environment
NPL net revenues +35% YoY and +26% QoQ, driven by the progressive normalization of the courts and management actions aimed at reducing timeframe of collection. Revenues resilient after the bounce back following the reopening of courts in 4Q20
Commercial Banking net revenues +21% YoY and +3% QoQ, driven by cost of funding reduction, increase in medium term lending guaranteed by the State (MCC) and in structured finance
Net revenues (including PPA) breakdown
130
106
146
138
10
37
15
58
9
65
63
54
62
43
46
58
1Q19
1Q20
4Q20
1Q21
NPL
Commercial banking
G&S+Non core
Net revenues excluding PPA
114
97
116
126
1Q19
1Q20
4Q20
1Q21
5
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Banca Ifis S.p.A. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 13:43:14 UTC.
Banca IFIS SpA is an Italy-based bank. The Bank is primarily engaged in the sector of trade receivables, non-performing loans and tax receivables. The Bank operates through five divisions: Banca IFIS, which is active in the supporting of trade receivables of small and medium sized enterprises operating in the Italian market; Banca IFIS International, which provides services to companies operating or based abroad; Banca IFIS Pharma, which supports trade receivables of local health services suppliers; Toscana Finanza, which is engaged in the activities of the business unit operating in the non-performing loans sector, and Fast Finance, which is mainly involved in the tax receivables sector. In addition, the Bank provides invetment banking services through GE Capital Interbanca SpA. It is active in Italy and abroad, including Poland, Romania, Hungary and India, among others. It operates through Interbanca Group and Cap.Ital.Fin.
BANCA IFIS S.P.A. 
