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NetworkNewsBreaks – illimity Announces Robust Results, Best-Ever Quarterly Net Profit for Q1 2021

Company: illimity Bank S.p.A.
Category: News

illimity Bank S.p.A. (“illimity” or the “Bank”) has announced that its board of directors, chaired by Rosalba Casiraghi, yesterday approved illimity’s results as of March 31, 2021. According to the update, illimity achieved robust results in the quarter ended March 31, 2021, continuing the positive performance in 2020 and posting a net profit of 12.6 million euro, its best quarterly result ever and a figure almost three times higher than that achieved in the first quarter of 2020 (4.5 million euro) and about twice the amount reported in the previous quarter (6.8 million euro). “We are very satisfied about the start of 2021. The growth of our lending activity, the quality of our portfolios, the scale effect that is now emerging in various areas of our business and the resulting economic performance all confirm the choices we have made so far,” said illimity CEO Corrado Passera. “In recent months, very promising activities have been launched in Open Banking (‘HYPE’) and asset management (‘illimity SGR’). A number of strategic developments not initially foreseen are also emerging and will be presented on June 22 with the update of our strategic plan.”

To view the full press release, visit https://nnw.fm/CDGcx

About illimity Bank S.p.A.

illimity is the high-tech banking group founded and led by Corrado Passera. A bank born without constraints: without the limits of the traditional system but with the solidity and seriousness of the best experiences. illimity provides credit to high-potential companies. For more information, visit www.illimity.com.

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