Banca IFIS, the accounts for the first 9 months of 2019

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<! – ->bank-ifis_3Banca IFIS closed the first 9 months of 2019 with a net profit for the period attributable to the Group of 84 million euros, down 5.6% compared to 89 million euros at 30 September 2018. The consolidated intermediation margin was amounting to € 391.2 million, down 3% compared to the corresponding period of the 2018 financial year.

Total receivables from customers valued at amortized cost amounted to 7.12 billion euros at the end of September 2019, down 2.7% compared to 31 December 2018. Net non-performing loans in the corporate sector were equal to same date at 320.1 million euros.

Overall, the Gross NPE ratio of the corporate sector is 10.1% (9.5% at 31 December 2018) and the Net NPE Ratio is 5.7% (5.2% at 31 December 2018).

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https://www.soldionline.it/notizie/azioni-italia/banca-ifis-9-mesi-2019

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