Banca Ifis (MIL:IF)
€ 19.77 0.14 (0.71%) Market Cap: 1.05 Bil Enterprise Value: 3.48 Bil PE Ratio: 6.47 PB Ratio: 0.59 GF Score: 66/100
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Half Year 2019 Banca IFIS SpA Earnings Call Transcript

Aug 02, 2019 / 03:00PM GMT
Release Date Price: €13.21 (+0.61%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS First Half 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. - Director, MD & CEO

Good afternoon, and welcome everybody to our call on second quarter results. Today, the Board of Directors under the chairmanship of Mr. Sebastien Fürstenberg has approved the second quarter results. Before going to the results, I would like to update you on the main management initiatives.

We are working on an industrial plan to be presented in autumn. The industrial plan will focus on NPLs and lending services to SMEs, streamlining capital and cost allocation per business, cost control without impacting investments in digitalization, IT and NPL. As we anticipated in our first quarter conference call, the other key priority is capital strengthening. In second quarter, the CET reached 10

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