1. 04 2013
Newsletter 8
31 December 2013_Quarterly newsletter
01_“To those able to look
03_Restyling Italian Credi Impresa
06_Banca IFIS on the Stock Exchange, 2013
07_ New jobs opening at Banca IFIS
ahead” by Giovanni Bossi
Futuro branches
02_Vertical risk management,
04_Banca IFIS’ blogtour
08_CrediFamiglia: Open Days
from boardroom
09_Agenda
to line structures
05_rendimax: website and app
follow us on:
and the Best Wishes office
10_Contacts

2. 02
01
“To those able to look ahead”
by Giovanni Bossi
Another extraordinary year has come to an end
that are already affecting and will continue to af-
2013 was characterised by many events, both lar-
fect the way the bank works in all areas of the
ge and small, that affected our daily lives. Aware-
business and its development prospects. We are a
ness of the difficulties in the economy, reinforced
bank that continually exceeds all its previous re-
by the shifting sands of politics in which our count-
cords, which is growing and continues to grow; a
ry is struggling, do not help with looking to the
virtuous model, which demonstrates new methods,
Giovanni Bossi,
future. But we managed to do significant things,
which believes that every strategic action should
C.E.O. Gruppo Banca IFIS.
changing and innovating, even in a decidedly ho-
be both good for us and have good prospects for
stile environment. The Bank aims to continue its
the collective interests of the environment in which
project of rapid growth and greater relevance in
it operates. We are extremely proud to be able to
the real economy of the country. To this end we
create and follow new paths. We are beginning a
want to make every resource available, every thou-
new year that promises, once again, to be extraor-
ght, every opportunity, and to feel that we are an
dinary. New activities and new products for Credi
active and vital part of this project. We have recor-
Impresa Futuro, destined to grow, such as the in-
ded excellent results in all sectors such as organic
ternational sector and the pharmaceutical indust-
growth, increase in lending to businesses, with an
ry, new tools and methods for CrediFamiglia, with
improvement in credit quality that inspires confi-
the maturation of a new approach in which the
dence in our actions for the future; great maturity
debtor becomes a customer, innovation and exten-
and development in the field of providing credit
sion of operations in tax receivables, and the pre-
to families in need; dynamism and growth in tax
dictable progressive replacement of the contribu-
receivables. Also with retail funding which has
tion of government bonds with margins generated
reached levels of excellence and with operations
by traditional businesses, along with the engine
in government bonds that, in spite of the unfavou-
that powers each new involvement, retail funding.
rable conditions, generated significant cash flow
Abundant liquidity, valuable assets. Above all, ide-
to support income and assets, showing visible fu-
as in the workplace. People’s ideas, those of pro-
ture growth. Many activities have begun to lay the
fessionals to whom we ask thoughts and actions,
foundations for the strong and sustainable growth
not time. Our skills, the way we live our work, the
we are looking to achieve. Many plans started,
willingness to play the important match: all this
and are changing the face of the Bank; projects
becomes, or continues to be, our path.
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3. 03
02
Vertical risk management,
from boardroom to line structures
by Kristian Tomasini
The global financial crisis of 2008 and that of the
integrated risk management that departs from a
sovereign debt of eurozone countries in 2011, have
strategic point and arrives at the precise definition
substantially changed the global economic balance
of the individual phases – a system of limits on
and reinforced the importance of the identification
the various risks - all in a consistent manner. This
and subsequent management and/or mitigation
framework is contained in the Risk Appetite Fra-
Kristian Tomasini,
of risks in the financial system. With reference to
mework (RAF), in which the main key components
Chief Risk Officer
the latter, risk levels have increased significantly
are defined in terms of risk appetite (so-called
Gruppo Banca IFIS.
which, together with shrinking margins, has me-
strategic guidelines), elements that must consist of
ant that profitability would simply be considered
simplicity, synthesis and completeness. For exam-
the point where it is no longer in severe decline.
ple, the figure below shows some key components
The proliferation of a regulatory conundrum in a
that meet these requirements.
context that is not always harmonious and cohe-
The strategy of “risk taking” is qualified for each
rent makes the management of “the enterprise
directive in terms of:
bank” seem like a complex problem of constrained
• risk capacity: the maximum acceptable risk;
optimization, where the “solution space” is incre-
• risk appetite: the risk level goal;
asingly restricted. It is therefore not surprising
• risk tollerance: the variability of return
that banks have adopted a strategy of delevera-
relative to the objective risk;
ging of loans in order to reduce the overall level
• risk profile: the current level of risk.
of risk, while respecting regulatory requirements,
Once the strategy is defined, the next step is to
with obvious repercussions on the real economy
pass it along the entire production chain through
through contraction in lending to companies and
the implementation of a system that allows more
households. In this context of uncertainty, con-
detailed limits to be imposed in order to intercept
scious, accurate and timely management of risk
potential hazardous phenomena early that could
means having the ability to adjust to new courses.
otherwise affect the “chain of transmission” and
Hence the need to establish a virtuous process of
could invalidate the above elements.
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4. 04
03
Restyling Italian Credi Impresa
Futuro branches
After our announcement, we maintained our
that makes the process of requesting finance
promise: Credi Impresa Futuro, after being lau-
even more “real-time”.
nched in summer 2013, is growing day by day
with new projects and ideas.
Credi Impresa Futuro and the “Short
Discover how we can
After the “Short Guide to the virtuous relation-
Guide to the virtuous relationship with
finance your firm’s
ship with the customer” and “WhatsApp for
the customer”.
trade receivables:
Enterprises”, Banca IFIS began a restyling of
A solid work relationship requires transparen-
www.credimpresafuturo.it
all its Italian Credi Impresa Futuro branches.
cy and confidence. Credi Impresa Futuro, in of-
The project of internal and external restyling of
fering finance to SMEs, asks its customers for
the spaces aims to create a uniform standard
total transparency in order to correctly value
for the customer to identify with, maximizing
their “good work”. Offering transparency to the
their experience and allowing them to obtain
customer is also essential in all of the bank’s
the information they need. A process led on
operations, in all its procedures.
two parallel fronts: the presence in the terri-
To strengthen this approach Credi impresa Futu-
tory of the branches and the navigation – sur-
ro created the “Short Guide to the virtuous rela-
fing, in this case – through the contents of the
tionship with the customer” addressed to those
website www.credimpresafuturo.it
who work with enterprises everyday.
WhatsApp for Enterprises.
Not only information and local content for the
enterprises (www.mondopmi.com), sharing
subjects on social media and web contact forms
with “Direct Wire”. Credi Impresa Futuro enriched its offer to enterprises, launching an innovative contact service called “WhatsApp for
Enterprises”.
Entrepreneurs can send their financing request through the free App from their smartphones. This tool, previously unheard of in the
national banking scene, represents another aid
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5. 05
04
Banca IFIS’ blogtour
To celebrate its 30th birthday, Banca IFIS became
Ten bloggers were special guests for the occasion:
the first Italian bank to organize a blogtour.
during the two-day trip they shared their views
Travelling by train from Venice to Rome, the tour
on social networks and digital banking with
passed through some of the locations relevant
Giovanni Bossi and Alberto Staccione, CEO and
to the Bank: Venice, where the Banca IFIS
General Manager of Banca IFIS.
Headquarters is located; Bologna, HQ of Fast
The video is available on
Finance, division dedicated to tax receivables;
Tweets and photos can
Banca IFIS’ web tv
Florence, home of the Non Performing Loans
be found on Twitter via
Area; Rome, destination of the blogtour and one
the hashtag #30IFIStour
of the 29 Credi impresa Futuro branches, the
or on Storify, on the
project dedicated to financing SMEs.
Banca IFIS profile.
A 2014 of best wishes
In December 2013, Banca IFIS opened the
which became the official seasons greetings
Best Wishes Office, an imaginary place
from Banca IFIS to all its customers.
where Banca IFIS employees deposited their
personal wishes for 2014: concrete promises
to achieve day after day.
The Grand Masters of Best Wishes are: Rachele
Fornai (Credi Impresa Futuro - Florence branch),
Massimo Ferrara (Credi Impresa Futuro Ancona branch) e Antonio Cozzi (Headquarters,
Mestre): in the image are the winning sentences,
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6. 06
05
rendimax: website and app
rendimax, the Banca IFIS deposit account,
Through the App customers will be able to
celebrates its 5th birthday receiving a new
access to their area to consult their movements
digital identity thanks the new website and
and balance, to activate a limit, make deposits
the rendimax App.
to rendimax Like, carry out credits and bank
The
the
transfers. Customers will also be able to
Discover the website
characteristics of simplicity, transparency
contact Customer Services, to consult the
and download the new
and security. The platform is optimized for
FAQs and to ask questions concerning their
rendimax App
mobile surfing, presenting its content to
account. The App will give direct access to all
visitors in a more immediate way.
the information and news about savings and
Also available is the rendimax App, a result
finance through the articles on the blog www.
of the collaboration between Banca IFIS and
salvarisparmio.com
its customers, who requested the ability to
Since its birth, in 2008, rendimax has
run their deposit account on the go. The App
improved its services dedicated to savers.
is available both for iOS and Android, is free
Along with these, Rendimax created one of its
and can be downloaded from the App Store
offerings, rendimax Like, born on the social
or the Play Store.
networks.
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renewed
website
maintains

7. 07
06
Banca IFIS on the Stock
Exchange, 2013
It seemed difficult, if not almost impossible, to
beat the numbers for 2012. But Banca IFIS in
all sectors (commercial credit to Credi Futuro
the last year not only repeated but also exceeded
Impresa companies, support for families with
these results. The official closing price on the
debts through CrediFamiglia, retail funding
Stock Exchange at December 30, 2013 was
with rendimax and contomax , the international
€12.95 per share, but during the day, it reached
and pharmaceutical business units and tax
the record price of €13.02, bringing the Group’s
www.bancaifis.com
during the whole of the period, the growth in
receivables), the supply of government bonds,
market capitalization to 700 million euro. The
transparency and active dialogue held with the
percentage growth in the twelve months of
financial market. With the best performance of
2013 compared to the same period last year -
2013 in the Veneto banking sector Banca IFIS
December 30, 2012 - was +143%.
ended the year in second place among listed
A figure that has several meanings: the value
companies in the Veneto region, just after Safilo
of the great work that Banca IFIS has achieved
which, in 2013, recorded +155.06%.
October 2013: La Scogliera sells 6,000,000 ordinary shares of Banca IFIS.
On October 4, 2013 La Scogliera S.p.A. completed the sale of 6,000,000 ordinary shares of Banca
IFIS S.p.A, corresponding to 11% of the share capital, for a total of 54.6 million euro. The offer ended
on October 3, with high quality applicants and with a large number of institutional investors (60%
international institutional investors, 40% Italian institutions). The operation was carried out through
a process of accelerated bookbuilding reserved for institutional investors and closed at a price of
9.10 euro per share. Intermonte SIM S.p.A. acted as sole bookrunner. Following the completion
of the transaction, La Scogliera owns approximately 57% of the share capital of Banca IFIS.
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8. 08
07
New jobs opening at Banca IFIS
Banca IFIS Group differs from other opera-
positions available include the following:
tors in the sector since it continues to recruit
Credit Analyst (Venice Mestre); Sales Manager
resources despite the negative economic fra-
(Credi Impresa Futuro commercial branches
mework. The Bank is approaching both young
of Vicenza, Verona, Ancona, Gallarate, Torino);
To be updated on the
people and more senior figures who can con-
Financial Family Advisors (CrediFamiglia -
available positions
tribute their experience. Some of the current
Area NPL, all over Italy).
visit Banca IFIS’
LinkedIn profile
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9. 09
08
CrediFamiglia: Open Days
Growth, opportunity and resilience. But also
with it. For this reason, CrediFamiglia is
dialogue, listening, sustainability and respect.
searching for 200 Family Financial Advisors
These are the fundamental characteristics on
all over Italy to integrate into its existing
which CrediFamiglia, enterprise of Banca IFIS,
network. Job interviews will be conducted
redesigned to meet the needs of Italian families
at Open Days during which candidates will
Watch the video
with debt, is based. Credifamiglia created - and
attend presentations by representatives from
of the job offer for
continues to create - a significant paradigm
the Area NPL division (Non Performing Loans)
Financial Family Advisor
shift in national and international debt
of Banca IFIS and attend an individual job
recovery at home, and did so by developing a
interview. All information on CrediFamiglia
new identity and by stimulating a profession
and Open Days is available on the website
known for the negative aspects associated
www.credifamiglia.it
Who are the Financial Family Advisors?
Family Financial Advisors are the backbone of the CrediFamiglia enterprise which
operates according to the values of ethics, sustainability and dialogue. Through a direct
and honest approach, they develop a sustainable solution for the resolution of debt.
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10. 010
09
Agenda
JANUARY
MARCH
15-16 January: NPL Academy
6 March: Banca IFIS Board of Directors –
16 January: Banca IFIS Board of Directors
Approval of the 12 months 2013 financial
To be always updated
27 January: CrediFamiglia Event – Banca
report
with the events please
IFIS HQ, Mestre
12 March: Open Day CrediFamiglia (Milan)
visit the dedicated
22-25 January: World Economic Forum,
13 March: Open Day CrediFamiglia (Turin)
section of the website
Davos (Switzerland)
25-26 March: STAR Conference - Borsa
www.bancaifis.com
30 January: Banca IFIS Board of Directors
Italiana, Palazzo Mezzanotte (Milan)
31 January: Credi Impresa Futuro Event
APRIL
FEBRUARY
17 April: Shareholders’ meeting for the
6 February: Open Day CrediFamiglia (Bari)
approval of the 12 months 2013 financial
7-8 February: Assiom Forex – Rome
report and Board of Directors
8-9 February: H-Hack Bank, H-Farm –Cà
Tron, Roncade
11 February: Conversazioni sull’Innovazione
(in collaboration with Fondazione Pellicani) Banca IFIS HQ, Mestre
13 February: Open Day CrediFamiglia (Naples)
26 February: Midcap Event (Frankfurt)
17-18 February: NPL Academy
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11. 011
Financial Calendar
16/01/2014
Banca IFIS Board of Directors
Venezia Mestre (Italia)
30/01/2014
Banca IFIS Board of Directors
Venezia Mestre (Italia)
06/03/2014
Board of Directors to approve the draft Annual report 2013
Venezia Mestre (Italy)
17/04/2014
Annual General Meeting to approve the Annual report 2013
Venezia Mestre (Italy)
08/05/2014
Board of Directors to approve the 1st Quarter report 2014
Venezia Mestre (Italy)
05/08/2014
Board of Directors to approve the Interim report as at 30 June 2014
Venezia Mestre (Italy)
04/11/2014
Board of Directors to approve the 3rd Quarter report 2014
Venezia Mestre (Italy)
Banca IFIS’s shares on the Stock Market
Price on 30/12/2013
30/12/2013
12.95€
Min – Max 2013
5,525€ (02/01/13) – 12.95€ (30/12/2013)
Number of shares issued
53.811.095
Capitalization
696.853.680,25€
1 month performance
+ 13.87%
6 month performance
+ 54.74%
1 year performance
+ 133.09%
Dividend distributed in 2013
0.37€ (06/05/2013)
Specialist
Intermonte Spa
Significant increase in the value of Banca IFIS’s shares on the market. The share price has exceeded
12 Euro, reaching a yearly high of €12.95 (30/12/2013). This increase is also due to excellent performance indices which have led to a 133% growth in Banca IFIS’s shares over the year.
This positive result has been confirmed in financial reports and updates drawn up by Edison, Akros
and Intermonte.
Shareholders’ breakdown
31/12/2013
Sebastien Egon Furstenberg
56.68%
Floating
35.58%
Giovanni Bossi
3.42%
Riccardo Preve
2.31%
Banca IFIS shares
2.01%
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12. 012
10
Contacts
Coverage by analysts
Mark Thomas
Christian Carrese
Edison, Investment Research
Intermonte
financials@edisoninvestmentresearch.co.uk
ccarrese@intermonte.it
Irene Rossetto
Intermonte
irene.rossetto@intermonte.it
Follow us on
twitter.com/BancaIFIS
www.bancaifis.com
www.facebook.com/Banca.IFIS
bilancio.bancaifis.it
www.linkedin.com/company/banca-ifis
Investor Contact: Mara Di Giorgio
www.youtube.com/user/BancaIFIS
Email: mara.digiorgio@bancaifis.it
tvchannel.bancaifis.it/
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Contacts
Phone: +39 041 502 7623