Banca IFIS S.p.A. : in the first half of 2016 more robust capital position and constantly improving credit quality

The CEO Giovanni Bossi: "We performed positively across all business areas, and can thus confirm the targets for the upcoming quarters". Table of Contents RECLASSIFIED DATA1 1st half 2016 1 January - 30 June -Net banking income: 150,9 million Euro (-43,1%) -Net profit from financial activities: 135,2 million Euro (-45,4%) -Operating costs: 76,8 million Euro (+48,2%) -Profit for the period: 39,1 million Euro (-70,1%) -Cost of credit quality for trade receivables: 78...

New York, 28/07/2016 (informazione.it - comunicati stampa - servizi)

3 Net value adjustments on DRL receivables, totalling 16,4 million Euro at 30 June 2016 compared to 3,1 million Euro at 30 June 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.

 

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