Banca IFIS S.p.A.

The BoD approves the 2017 draft financial statements and dividend proposal (€1/share).

Mestre (Venice), 6 March 2018 - The Board of Directors of Banca IFIS met today under the chairmanship of Sebastien Egon Fürstenberg and approved the draft financial statements for the year 2017 as well as confirmed the preliminary results announced on 8 February 2018. In addition, the Board proposed to the Shareholders' Meeting convened on 19 April 2018 to distribute a dividend1 of 1 Euro gross of the potential withholdings per ordinary share, with ex-dividend date (coupon no. 21) on 23 April 2018, record date on 24 April 2018, and payment date on 25 April 20181. The dividend will be paid through the authorised intermediaries with which shares are registered in the Monte Titoli system. 

The comment of Banca IFIS Chairman Sebastien Egon Fürstenberg: "In 2017, the Banca IFIS Group has continued growing in the sectors it operates in: specialised corporate lending, which is increasingly key for Italy's growth and the health of its economic fabric; the sustainable management of non-performing loans; and the collection of savings. We also launched important projects on which the Bank will continue working over the next quarters, guided by the drivers of our day-to-day operations: control of risk-corrected profitability, of liquidity and of absorbed capital. We want to provide our customers with the solutions they need quickly, clearly and transparently: this is why digital services are crucial and we are investing in them. Finally, we once again raised our dividend-a sign of strength and a token of gratitude for our Shareholders, who continue appreciating our work and the projects the Bank is working on". 

Below are the highlights for the year 2017. For more details, please see the press release on the preliminary results, available in the "Media Press" section of the website www.bancaifis.it

Financial Year 2017: 1 January - 31 December

Reclassified data2: 

- Net banking income: 519,6 million Euro (+59,4%);

- Net profit from financial activities: 504,8 million Euro (+68,6%);

- Operating costs: 256,3 million Euro;

- Net profit for the year: 180,8 million Euro; 

- Credit cost (trade receivables): 115 bps;

- Net bad-loan ratio (SMEs sector): 1,3%;

- Total Group employees: 1.470 people;

- Common Equity Tier 1 (CET1): 15,64% (15,82% at 31 December 2016)3 ;

- Tier 1 Capital Ratio (T1): 15,64% (15,82% at 31 December 2016)3; 

- Total Own Funds Capital Ratio: 21,07% (15,83% at 31 December 2016)3.