Edison Investment Research - Banca IFIS (IF) Update: Expanding new business streams

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Edison Investment Research

Update: Expanding new business streams

In the past week Banca IFIS has made two announcements that reinforce confidence in our expected profit growth. On 23 June it announced the acquisition of three NPL portfolios with a total nominal value of â‚¬883m, increasing the number of customers by c 100k (to 900k). On 17 June it announced an expansion into the niche pharmacy market. IFIS has strong capital and liquidity and can exploit market opportunities to grow.

25/06/2015 5 EN

Underlying

Banca IFIS

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Italy

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Edison Investment Research

Update: Positioned for strong growth

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Update: Expanding new business streams

Update: Transformation delivered

Update: Core businesses continue strong growth

Update: Positioned for strong growth

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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