Brief: Banca IFIS To Sell NPL Business, Cuts Net Profit Guidance To €100-110 Mln

Banca Ifis

26/06/2026 06:17

June 26 (Reuters) - Banca IFIS SpA IF.MI:
SAID ON THURSDAY IT HAD APPROVED LAUNCH OF COMPETITIVE PROCESS FOR SALE OF NPL BUSINESS
TRANSACTION AIMED AT STRENGTHENING BANK'S CAPITAL PROFILE, ACCELERATING REPOSITIONING TOWARDS COMMERCIAL BANKING
CUTS NET PROFIT GUIDANCE TO RANGE OF €100-110 MLN, COMPARED WITH PREVIOUS ESTIMATE OF €170–190 MLN
GUIDANCE DOES NOT INCLUDE EFFECTS FROM EXPECTED DECONSOLIDATION OF THE NPL PORTFOLIO, NOR ADDITIONAL IMPACTS FROM BANK OF ITALY’S INSPECTION PROCESS
PROVISIONS SET FOR AROUND €70 MLN, OF WHICH €30 MILLION DUE TO CREDIT EXPOSURES, €40 MILLION TIED TO SECURITIZED EXPOSURES WITHIN ILLIMITY’S NPL BUSINESS 
CREDIT PROVISION REFLECTS PRELIMINARY FINDINGS FROM GENERAL INSPECTION CONDUCTED BY BANK OF ITALY
TO IMPLEMENT COST REVIEW BASED ON NEW OPERATING CONTEXT, AIMED AT PROPORTIONALLY ADJUSTING GROUP’S COST BASE 
CEO FREDERIK GEERTMAN TO HOST A CONFERENCE CALL FOR ANALYSTS AND INVESTORS AT 8:15 AM CET ON FRIDAY 26, 2026

 Further company coverage: IF.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))