Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Illimity Bank S.p.A.    ILTY   IT0005359192

ILLIMITY BANK S.P.A.

(ILTY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

illimity Bank S p A : finalizes the purchase of new distressed credit from UniCredit for 700 million euro

10/21/2020 | 12:10pm EST

ILLIMITY FINALISES THE PURCHASE OF DISTRESSED CREDIT

FOR ABOUT 692 MILLION EURO FROM UNICREDIT

Milan, 21 October 2020 - illimity Bank S.p.A. ("illimity" or the "Bank") announces that it has finalized a purchase from UniCredit S.p.A. ("UniCredit") of a non-performing loans portfolio ("NPL") for a total gross nominal value of approximately 692 million euro (gross book value).

In line with illimity strategy in terms of type of debtors, the new portfolio consists solely of loans from corporate borrowers, guaranteed by real estate assets.

Andrea Clamer, Head of Distressed Credit Investment and Servicing Division of illimity, commented: "This new transaction is a further and decisive step in our Bank's growth strategy, allowing illimity to consolidate a significant position in the distressed portfolio market with leading players in the Italian credit market, with a view to creating value for all parties involved. In this market scenario, we continue to position ourselves as a dynamic player, focused on establishing strategic and long-termrelationships".

***

For further information:

Investor Relations

Silvia Benzi: +39.349.7846537 - +44.774.1464948 silvia.benzi@illimity.com

Press & Communication illimity

Isabella Falautano, Francesca D'Amico

Sara Balzarotti, Ad Hoc Communication Advisors

+39.340.1989762 press@illimity.com

+39.335.1415584 sara.balzarotti@ahca.it

illimity Bank S.p.A.

illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform, neprix, provides digital direct banking services through illimitybank.com and, with illimity SGR, over the next few months will set up and manage the first Alternative Investment Fund for corporate loans. The story of illimity began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two, giving rise to "illimity Bank S.p.A." which began trading on Borsa Italiana's MTA exchange on 5 March 2019 (ticker "ILTY"). The banking group, headquartered in Milan, can already count on 500 employees and closed its first year of activity with assets of 3 billion euro.

Illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

illimity Bank S.p.A. published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 16:09:03 UTC


© Publicnow 2020
All news about ILLIMITY BANK S.P.A.
11/25ILLIMITY BANK S P A : supports Amut for its plan for growth in the recycling ind..
PU
11/11ILLIMITY BANK S P A : A resilient quarter for illimity in vulnerable times
PU
11/11ILLIMITY BANK S P A : 3Q20 Results presentation script
PU
11/11ILLIMITY BANK S P A : 3Q20 Results presentation
PU
11/11UNICREDIT S P A : to Sell UTP Portfolio of Around EUR153 Million to Illimity Ban..
DJ
11/11ILLIMITY BANK S P A : purchases a new portfolio of UTP loans from UniCredit
PU
11/11ILLIMITY BANK S P A : Good progress in illimity's results for the third quarter ..
PU
10/30ILLIMITY BANK S P A : finalised purchase of distressed credit for a GBV of 120 m..
PU
10/21ILLIMITY BANK S P A : finalizes the purchase of new distressed credit from UniCr..
PU
10/21UNICREDIT S P A : Sells Italian Non-Performing Loans Portfolio to Illimity Bank
DJ
More news
Financials
Sales 2020 162 M 193 M 193 M
Net income 2020 30,6 M 36,5 M 36,5 M
Net Debt 2020 - - -
P/E ratio 2020 22,0x
Yield 2020 -
Capitalization 595 M 709 M 710 M
Capi. / Sales 2020 3,67x
Capi. / Sales 2021 2,42x
Nbr of Employees 500
Free-Float 87,2%
Chart ILLIMITY BANK S.P.A.
Duration : Period :
illimity Bank S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ILLIMITY BANK S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 10,45 €
Last Close Price 9,01 €
Spread / Highest target 16,5%
Spread / Average Target 16,0%
Spread / Lowest Target 15,4%
EPS Revisions
Managers
NameTitle
Corrado Passera Chief Executive Officer & Director
Rosalba Casiraghi Chairman
Francesco Renato Mele Chief Financial Officer
Massimo Brambilla Director
Maurizia Squinzi Independent Director
Sector and Competitors