Banca Ifis (FRA:0I6)
€ 19.71 -0.16 (-0.81%) Market Cap: 1.04 Bil Enterprise Value: 3.47 Bil PE Ratio: 6.41 PB Ratio: 0.59 GF Score: 65/100
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Full Year 2020 Banca IFIS SpA Earnings Call Transcript

Feb 11, 2021 / 05:30PM GMT
Release Date Price: €10.37 (+6.09%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS Full Year 2020 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Luciano Colombini, Chief Executive Officer of Banca IFIS. Please go ahead sir.

Luciano Colombini
Banca IFIS S.p.A. - Director

Good evening. Welcome, everybody, and thanks for this call on our 2020 results. This afternoon, the Board of Directors under the chairmanship of Mr. Sebastien Fürstenberg approved the preliminary 2020 results.

I would like to highlight that our bank faced very well the 2020 COVID-19 crisis, and is ready to face the possible economic troubles of the next quarters and is able to capture the growth opportunities of the economic recovery expected in the second half of this year and in 2022.

In 2020, profitability and NPL cash collection proved to be resilient. The asset quality and capital requirements have improved. I would like to highlight 4 points. First of all, in terms of

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