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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Q3 2022 Banca IFIS SpA Earnings Call Transcript

Nov 10, 2022 / 03:00PM GMT
Release Date Price: €13.2 (+4.02%)
Operator

This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS Third Quarter 2021 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Frederik Geertman, CEO of the bank. Please go ahead, sir.

Frederik Herman Geertman
Banca IFIS S.p.A. - CEO & Director

Thank you, and good afternoon, everybody. Welcome to our call. I will, as I always briefly present the results. We have a couple of slides, and then we will take your questions if you have them. Page 4, the synthesis. We had a good quarter. Net income in the third quarter is EUR 33 million. That's a 4% increase year-on-year. Even though last year, we had TRY 10 million benefit that was booked in the third quarter of 2021. Over the 9 months, we booked EUR 105.5 million profit, which is plus 32% year-on-year, which is a record for the bank. We have revenues in the quarter of EUR 165 million, driven mostly by the core business that's delivering on both sides, commercial banking and NPLs.

9 months

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