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IF — Banca Ifis News Story

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Brief: Banca Ifis expects Bank of Italy's final audit report by early September

BRIEF-Banca Ifis expects Bank of Italy's final audit report by early September

- Banca IFIS CEO Frederik Geertman tells analyst call:

  • ON TIMING OF BANK OF ITALY REPORT: AT THE EARLIEST LATE JULY PROBABLY EARLY SEPTEMBER

  • DECISION TO SALE NPL BUSINESS REFLECTS REGULATORY ENVIRONMENT

  • BANK OF ITALY SENT LETTER IN SEPTEMBER WITH SUPERVISORY EXPECTATIONS ON APPLICATION OF CALENDAR PROVISIONING

Further company coverage: IF.MI


(Reporting by Milan Newsroom)

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