12M Data (preliminary) | Trade receivables | Corporate banking | Leasing | Tax receivables |
NBI 2017 (mln €) | 130,8 | 146,1 | 62,7 | 15,6 |
NBI 2016 (mln €) | 148,5 | 3,0 | -1,2 | 13,3 |
% Change | -11,9% | ns | ns | 17,0% |
12M data (preliminary) | Area NPL |
NBI 2017 (mln €) | 164,5 |
NBI 2016 (mln €) | 148,3 |
% Change | 10,9% |
Consolidated own funds and capital adequacy ratios | Banca IFIS Group - with La Scogliera | Banca IFIS Group - without La Scogliera |
(in thousands of Euro) | 31/12/20176 | 31/12/2017 7 |
Common Equity Tier 1 (CET1) | 859.944 | 1.152.603 |
Total Own Funds | 1.191.097 | 1.552.792 |
Total risk-weighted assets | 7.376.306 | 7.369.921 |
Ratio - Common equity tier 1 | 11,66% | 15,64% |
Ratio - Total own funds | 16,15% | 21,07% |
The merger will be submitted to the competent Supervisory Authorities for approval, and a Shareholders' Meeting will be convened to vote on the matter.
Declaration of the Corporate Accounting Reporting Officer
Pursuant to Article 154 bis, Paragraph 2 of the Consolidated Law on Finance, the Corporate Accounting Reporting Officer, Mariacristina Taormina, declares that the accounting information contained in this press release corresponds to the accounting records, books and entries.
Note
1 The reported CET1 refers only to the scope of the Banca IFIS Group, thus excluding the effects of the prudential consolidation in the parent La Scogliera S.p.A..
2 Net impairment losses on receivables of the NPL Area, totalling 33,5 million Euro at 31 December 2017 compared to 32,6 million Euro at 31 December 2016, were reclassified to interest receivable and similar income to present more fairly this particular business, for which net impairment losses represent an integral part of the return on the investment.
3 For a better understanding of the results for the year and the comparative data, please note that, starting from 2017, changes in market interest rates and the bank's funding rates required recalculating the internal transfer rates. To facilitate the comparison of the two reference periods, the 2016 results have been restated according to the 2017 funding approach across all segments.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Banca IFIS S.p.A. via Globenewswire