illimity Bank S.p.A. ILTY Archives

FridayAug 06, 2021 10:40 am

QualityStocksNewsBreaks – illimity Bank S.p.A. (MIL: ILTY) Reports Q2 2021 Results, Including 14.9M Euro Profit

illimity Bank (MIL: ILTY) has reported its financial and operating reports for second-quarter 2021. Highlights of the report include a more than 18% increase in net profit over first-quarter numbers; the company’s net profit totaled 14.9 million euro, bringing the 2021 total for the first two quarters of the year to 27.4 million, an 85% increase over last year’s numbers from the same period. In addition, the company reported growth in volumes, significant profits from dynamic management of distressed credit and improvements in operating leverage driving the results. The company also confirmed its 2021–25 strategic plan targets. “We are very…

TuesdayJun 22, 2021 1:29 pm

QualityStocksNewsBreaks – illimity Bank S.p.A. (MIL: ILTY) Approves, Releases Strategic Plan

illimity Bank (MIL: ILTY) has outlined and approved its 2021–25 strategic plan. The company noted that the plan is based on solid results accomplished, including first and foremost the already achieved return on equity (“ROE”) of around 8% for the first quarter of 2021 and expected at 10% for the year 2021 as a whole, with a forecast net profit of between 60 and 70 million euro while maintaining a low risk profile and a robust capital base. The announcement noted that results achieved are based on a series of strategic decisions that have proved to be correct, including the company’s focus…

TuesdayMay 11, 2021 12:29 pm

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

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…

ThursdayFeb 11, 2021 11:52 am

QualityStocksNewsBreaks – illimity Bank S.p.A. (MIL: ILTY) Releases Financial Numbers, Ends 2020 with 31 Million Euro Net Profit

illimity Bank (MIL: ILTY) has released its financial report for the year as a whole, reporting a net profit of 31.1 million euro for the year, a significant improvement on its 2019 loss of 16.1 million euro. The bank noted that, despite the difficult situation caused by the COVID-19 pandemic, it has fully met the results contained in its earnings guidance announced at the end of the first half year, reporting that it is already achieving an ROE of approximately 5.5% in its first full year of operation. In addition, illimity confirmed solid growth prospects for 2021 volumes and profits. In…

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QualityStocksNewsBreaks – illimity Bank S.p.A. (MIL: ILTY) Reports Q2 2021 Results, Including 14.9M Euro Profit

QualityStocksNewsBreaks – illimity Bank S.p.A. (MIL: ILTY) Approves, Releases Strategic Plan

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

QualityStocksNewsBreaks – illimity Bank S.p.A. (MIL: ILTY) Releases Financial Numbers, Ends 2020 with 31 Million Euro Net Profit

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