(Finance) – “In the next call with investors we will give more details on the new dividend policies already announced on April 20 by the Chairman Ernesto Furstenberg Fassio”. He announced it the Chief Executive Officer of Banca Ifis, Frederik Geertmanduring the conference call commenting on the Bank’s first quarter results.
In fact, during the period, the challenger bank chaired by Ernesto Furstenberg Fassio recorded a net profit of 45.9 million euros, up 31.4%. Revenues increased by 8% compared to the first quarter of 2022, favored by the positive correlation of trade receivables to the rise in interest rates, by the recoveries of the Npl Sector and by the acceleration of the business following the digitization process undertaken by the Bank. In addition to the interest margin, the CET1 Ratio also improved to 15.21%, above the required capital requirements.