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InvestorNewsBreaks – illimity Announces Sound Results for Q2 2022
August 5, 2022

InvestorNewsBreaks – illimity Announces Sound Results for Q2 2022

illimity Bank S.p.A. (“illimity” or the “Bank”) today announced that its board of directors, chaired by Rosalba Casiraghi, has approved its results at June 30, 2022. Among the highlights, illimity reported net profit of 15.8 million Euro (+6% Y/Y), bringing the net result for the first half of the year to 31.5 million Euro (+15% vs 1H21). “We are very satisfied with the sound results posted in the second quarter of the year, the best in terms of business generation,” said Corrado Passera, CEO and founder of illimity. “The robust pipeline for the next few months confirms the dynamism of all the divisions, which are ready to grasp the opportunities arising from the constant expansion of the markets in which we operate. The two highly technological initiatives launched over the past few months – b-ilty, the complete digital platform for credit and financial services for SMEs, and Quimmo, the innovative proptech – are proceeding as planned. If together with these new initiatives with a ‘tech’ soul, we also consider illimitybank.com, which provides customers with top quality direct banking retail services, and HYPE, which continues to consolidate its leadership in the Italian fintech market, we can say that illimity is making significant additional strides in its ability to create technological platforms, which will be the driver of further growth and value creation for all our stakeholders. At the same time, the acquisition of Arec is an important step in reinforcing our positioning in UTP loan management with particular focus on the large-ticket corporate real estate segment and puts us in the right position for grasping the important business opportunities arising on this market in the future. Lastly, I am especially pleased with the new ESG ratings assigned to us by MSCI and Standard Ethics, which confirm the value of the decisions we have taken on sustainability issues from the start of the Bank’s activities and represent a stimulus to do even better.”

To view the full press release, visit https://ibn.fm/I7gXu

About illimity Bank S.p.A.

illimity is the high-tech banking group founded and led by Corrado Passera. A bank born without constraints, illimity is without the limits of the traditional system but with the solidity and seriousness of the best experiences. illimity provides credit to high-potential companies. For more information, visit www.illimity.com.

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