Banca Ifis (FRA:0I6)
€ 20.44 -0.18 (-0.87%) Market Cap: 1.09 Bil Enterprise Value: 3.52 Bil PE Ratio: 6.78 PB Ratio: 0.62 GF Score: 72/100
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Q3 2019 Banca IFIS SpA Earnings Call Transcript

Nov 07, 2019 / 04:00PM GMT
Release Date Price: €15.03 (-1.44%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS First Quarter 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Luciano Colombini, CEO of Banca IFIS. Please go ahead, sir.

Luciano Colombini
Banca IFIS S.p.A. - CEO, MD & Director

Thank you very much. Welcome, everybody. Today, the Board of Directors has approved the third quarter results.

Before going to the results, I would like to update you on the main management initiatives. We are working on industrial plan to be presented in mid-January which will be focused on 3 main pillars: becoming the reference partner for SMEs with a dedicated service model and a full range of products; second, preserving leadership in unsecured NPLs, broadening the servicing and purchasing skills to other NPL classes while maintaining control of IFIS NPL and FBS, now fully owned; third, further capital strengthening and maintaining strong liquidity position.

We will

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