and the training department.
over 1,000 applications. The selection was
The “Giovani Leoni” project is an important
carried out through a series of tests and
opportunity for young graduates to enter the
interviews aimed at identifying the profiles
world of work, gaining experience in the credit
most suited to the bank’s business.
sector and contributing to the growth of the
The new recruits will undergo a six-month
Group. Banca IFIS confirms its commitment to
training period, divided into classroom
investing in young people and their professional
lessons and on-the-job training, to learn
Banco Santander strengthens its relationship with Bank of Shanghai and its su...BANCO SANTANDER
Banco Santander’s chairman Emilio Botín met the chairman of Bank of Shanghai (BoS), Fan Yifei, today, while on a visit to China, to review progress in the cooperation agreement the two banks signed last December when Santander acquired an 8% stake in BoS. At the meeting, at Bank of Shanghai’s offices, the chairman of Santander stressed the bank’s interest in China, where it has several agreements to develop consumer finance and investment banking businesses.
Perspective: The rise and rise of emerging market banksInfosys Finacle
www.infosys.com/finacle
The emerging market banks which were plagued by excess regulation and inefficiency a few decades back have finally come into their own and are here to stay.
Banco Santander strengthens its relationship with Bank of Shanghai and its su...BANCO SANTANDER
Banco Santander’s chairman Emilio Botín met the chairman of Bank of Shanghai (BoS), Fan Yifei, today, while on a visit to China, to review progress in the cooperation agreement the two banks signed last December when Santander acquired an 8% stake in BoS. At the meeting, at Bank of Shanghai’s offices, the chairman of Santander stressed the bank’s interest in China, where it has several agreements to develop consumer finance and investment banking businesses.
Perspective: The rise and rise of emerging market banksInfosys Finacle
www.infosys.com/finacle
The emerging market banks which were plagued by excess regulation and inefficiency a few decades back have finally come into their own and are here to stay.
Debriefing of the Initio's Breakfast club session of June 2019 dedicated to open banking.
3 topics addressed:
Disintermediation: Should Banks Still Be Afraid?
How Customer Centricity Killed your Innovation
The Marketplace: An Unexpected Journe
Covid-19 Is a Call for Retail Banks to Accelerate Digital TransformationBoston Consulting Group
We see nine imperatives that can help retail banks remain firmly on their feet during the crisis and enable them to move forward rapidly in its aftermath. Ultimately, the crisis reinforces an urgent need for banks to accelerate their digital transformations.
Coherence of identity and reputation is essentially a reflection of a conscious decision-making process and profound knowledge of problems, demands and expectations of the company’s stakeholders.
Although it also depends on the context, reputation is the direct result of the company’s identity.
Reputation is associated with a good economic and ethical behaviour as a result of awareness about the social problems that a company faces by relating to its stakeholders.
However, Corporate Social Responsibility is driven also by organizational values, which eventually determine the company’s behaviour implemented by its directors, executives and employees.
The main cultural change that occurred in the last few years in the management discourse is the need of a responsible approach in business, developing a long-term vision, a well-balanced relationship with the society and evaluating of the impact of this relationship on the society. Microbank, for example, a project by La Caixa, is already taking this approach.
There is clearly higher demand for a corporate behaviour concerned about the problems of individuals. That’s why companies should take extreme care about coherence of their discourse and the actual corporate behaviour because ultimately, it determines the brand value.
To be able to be aware of the problems and needs of their stakeholders, companies need to focus on employees first and develop a more human approach. BBVA is a clear example of this perspective.
The second step is developing a powerful story that is consistent with the company’s identity and also able to clearly explain the objective of the project and its positive impact for the society and the firm.
The third step is to use this story to project some meaningful and consistent messages that reach different stakeholders and lead them to advocate for the company.
Unrealistic promises that banks gave to their customers and shareholders during the real estate bubble and before the financial crisis have led to a dramatic loss of trust and reputation.
A good example in this context is the brand of Spain - the country brand that is making an important effort to recover the country’s reputation lost during the real estate and financial crisis in international markets. It initial external focus is now being redirected to capture internal stakeholders and recover the country’s reputation with its own citizens.
This year, we are presenting a special edition of the report on the impact of the MicroBank microcredits that we have been producing every year since 2010. In this edition, on the occasion of MicroBank’s tenth anniversary, we wanted to give an overview of the impact of the microcredits awarded by the entity since it began in 2007. In this way, MicroBank continues making a considerable contribution to generating knowledge on the microcredits and their effects among their beneficiaries, demonstrating their strong belief that this instrument helps create social value.
The revolution that business is undergoing at the hands of social media continues to dominate discussion in the financial services world.
While virtually all organizations are adapting in some manner to the new possibilities and challenges presented by social business, some industries face specific hurdles when looking to do so. Financial services is a prime example.
How should financial brands react to these changes, and what are the leading businesses in the sector doing to get ahead?
Read this free report to discover:
- The current challenges and opportunities within the financial sector with regard to social media
- Five specific, practical ways financial brands can get ahead and advance their social media listening activities, with examples
More info available here: http://bit.ly/OYiNdW
Debriefing of the Initio's Breakfast club session of June 2019 dedicated to open banking.
3 topics addressed:
Disintermediation: Should Banks Still Be Afraid?
How Customer Centricity Killed your Innovation
The Marketplace: An Unexpected Journe
Covid-19 Is a Call for Retail Banks to Accelerate Digital TransformationBoston Consulting Group
We see nine imperatives that can help retail banks remain firmly on their feet during the crisis and enable them to move forward rapidly in its aftermath. Ultimately, the crisis reinforces an urgent need for banks to accelerate their digital transformations.
Coherence of identity and reputation is essentially a reflection of a conscious decision-making process and profound knowledge of problems, demands and expectations of the company’s stakeholders.
Although it also depends on the context, reputation is the direct result of the company’s identity.
Reputation is associated with a good economic and ethical behaviour as a result of awareness about the social problems that a company faces by relating to its stakeholders.
However, Corporate Social Responsibility is driven also by organizational values, which eventually determine the company’s behaviour implemented by its directors, executives and employees.
The main cultural change that occurred in the last few years in the management discourse is the need of a responsible approach in business, developing a long-term vision, a well-balanced relationship with the society and evaluating of the impact of this relationship on the society. Microbank, for example, a project by La Caixa, is already taking this approach.
There is clearly higher demand for a corporate behaviour concerned about the problems of individuals. That’s why companies should take extreme care about coherence of their discourse and the actual corporate behaviour because ultimately, it determines the brand value.
To be able to be aware of the problems and needs of their stakeholders, companies need to focus on employees first and develop a more human approach. BBVA is a clear example of this perspective.
The second step is developing a powerful story that is consistent with the company’s identity and also able to clearly explain the objective of the project and its positive impact for the society and the firm.
The third step is to use this story to project some meaningful and consistent messages that reach different stakeholders and lead them to advocate for the company.
Unrealistic promises that banks gave to their customers and shareholders during the real estate bubble and before the financial crisis have led to a dramatic loss of trust and reputation.
A good example in this context is the brand of Spain - the country brand that is making an important effort to recover the country’s reputation lost during the real estate and financial crisis in international markets. It initial external focus is now being redirected to capture internal stakeholders and recover the country’s reputation with its own citizens.
This year, we are presenting a special edition of the report on the impact of the MicroBank microcredits that we have been producing every year since 2010. In this edition, on the occasion of MicroBank’s tenth anniversary, we wanted to give an overview of the impact of the microcredits awarded by the entity since it began in 2007. In this way, MicroBank continues making a considerable contribution to generating knowledge on the microcredits and their effects among their beneficiaries, demonstrating their strong belief that this instrument helps create social value.
The revolution that business is undergoing at the hands of social media continues to dominate discussion in the financial services world.
While virtually all organizations are adapting in some manner to the new possibilities and challenges presented by social business, some industries face specific hurdles when looking to do so. Financial services is a prime example.
How should financial brands react to these changes, and what are the leading businesses in the sector doing to get ahead?
Read this free report to discover:
- The current challenges and opportunities within the financial sector with regard to social media
- Five specific, practical ways financial brands can get ahead and advance their social media listening activities, with examples
More info available here: http://bit.ly/OYiNdW
Mestre (Venezia), 12 maggio 2020 - Il Consiglio di Amministrazione di Banca Ifis, riunitosi oggi e presieduto dal Vicepresidente Ernesto Fürstenberg Fassio, ha approvato i risultati relativi al primo trimestre 2020.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Webinar Exploring DORA for Fintechs - Simont Braun
Newsletter Banca IFIS Group 7
1. 03 2013
Newsletter 7
30 September 2013_Quarterly newsletter
01_Editorial: From reputation to
reputational risk by Kristian Tomasini
02_Banca IFIS, growing earnings and profitability
in first six months of 2013. Prospects for
the second half of 2013 are positive
03_Contact, innovation, dialogue: it’s
Credi Impresa Futuro, new service for
Enterprises from Banca IFIS
04_The 2nd NPL Meeting:
06_Initiatives: on twitter #CapireBorsa
the International workshop
and on the blog SalvaRisparmio
on the Non Performing Loans sector
(with a new look) Savings Dictionary
05_Success for the first Credit Storming,
07_Giovani Leoni:
digital lab on the theme of Innovation
new growing talents
08_Careers: job opportunities
in the credit world
_New methods of communication for the
Bank: the visual works of Laura Bortoloni
09_In Agenda
10_Contacs
I N T E R N AT I O N A L W O R K S H O P
O N
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T H E
N O N - P E R F O R M I N G
L O A N S
S E C T O R
2. 02
01
Editorial:
From reputation to reputational risk
by Kristian Tomasini
Several scandals have hit the financial sector
is one of the key elements that can help build
in recent years, creating a generalized decline
long-lasting relationships and it therefore
in trust, attested to by ample market research
forms the foundations of “ecological” business.
conducted by prestigious research institutes.
CeSaR defines this trust as “the long-term
Research by the Reputational Institute for
reputational component on which it is possible
Kristian Tomasini,
example, shows a decline of around 4% in the
to build stable relationships with stakeholders”
Chief Risk Manager
reputational index from 2012 to 2013.
Emotional Involvement: it can easily be
Gruppo Banca IFIS.
What does “reputation” mean and to what risks
imagined how difficult it is to create reputation
does it expose us?
in conditions of social anxiety; the economic
Most likely, if a person were asked to define the
context of a country influences the public
word “reputation” they would think back to a
perception of companies and their ability to
situation that had caused embarrassment and/or
respond to needs. Hence it becomes essential
created some form of “image damage”, that is;
to prove, with facts, the value of the alternative
each of us has our own personal interpretation.
approach taken by Banca IFIS as opposed to that
The centre for reputation studies (CeSaR)
of the general financial environment.
gives the following definition: “Reputation is
Reputational risk is meant as a negative
an overall judgement on an organization, given
perception of a bank’s image that can affect its
by those who, directly or indirectly, influence the
ability to maintain or develop its business.
work (stakeholders).”
This risk has, in recent years, become an aspect
What, then, can influence this judgement?
about which brokers are particularly sensitive,
The trust that a person puts in an organization
so much so that it has been dealt with at a
Fig. 01 - Emotional involvement
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3. 03
prudential supervision regulation level.
The process of risk management can be thought
The measurement of risk, which can occur through
of as divided into two essential situations:
qualitative or quantitative methodologies, presents
• Minimization of cases through actions aimed
obvious difficulties due to its nature. Identifying
at reducing the probability of the occurrence of
economic or financial losses related to reputation
events that worsen reputation.
is a difficult process which can, however, be traced
• Minimization of damage through mitigation
to a decline in market share, reduction in brand
actions.
value, the loss of strategic relationships with
Banca IFIS, in the specific activity of the recovery
partners and suppliers, difficulty in recruiting and
of non-performing loans, has adopted a series of
retaining talent, rating agency downgrading etc…
rules aimed at mitigating risk ex-ante, ranging
One factor that can amplify the consequences
from the creation of the CrediFamiglia brand
of risk is visibility: not all events that contain
to the initiation of ad hoc training programs.
potential risk result in crisis if they are not
It also provides ex-post monitoring aimed both at
accompanied by a “sounding board”. In this
assessing conduct during the recovery process
regard, attention must be paid to how, in the last
and the resulting image of the bank, and of
decade, the use of innovative communication
monitoring grievances/complaints received,
tools such as the Internet, social media and
making sure to perform checks on the quality of
blogs has increased this risk.
information provided.
Fig. 02 - Exposure: social media and risk
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4. 04
02
Banca IFIS, growing earnings and
profitability in first six months of 2013
Prospects for the second half of 2013 are positive
The Board of Directors of Banca IFIS met today under the chairmanship of Sebastien von Furstenberg
and approved the results for the first half of 2013.
The first half (1 January-30 June 2013):
• Net banking income increasing by 22,7% to 132 million Euro.
• Net profit from financial activities increasing by 14% to 105 million Euro.
Giovanni Bossi,
• Cost/income ratio further improving, down to 28,1% from 32,2%.
C.E.O. Gruppo Banca IFIS.
• Profit for the period increasing by 16,7% to over 44 million Euro.
• Turnover for the first six months: 2.509 million Euro.
• Retail funding exceeded 3,9 billion Euro.
• Non-performing loans/total loans in the trade receivables sector: 3,5%, compared to 4,3% at
the end of 2012 and 3,7% at 30 June 2012.
• 70 new employees taken on in the first six months of 2013.
• Solvency: 13,9%.
• Core Tier 1: 14,2%.
The second quarter (1 April-30 June 2013):
• Net banking income amounting to 65 million Euro (+18,2%).
• Net profit from financial activities increasing by 14,0% to 52 million Euro.
• Net profit amounting to 21,6 million Euro (+19,6%).
“With its excellent results for the first half of
the year, Banca IFIS confirms the soundness,
why we have launched two new projects we
sustainability and profitability of its business
strongly believe in: CrediFamiglia and Credi
model. Increasing profit margins, continually
Impresa Futuro.”
falling
decreasing
The Group’s prospects for the second half of
impaired assets bolster the Group’s position to
2013 are positive. Operations in support of
grow in the future” says the Chief Executive
businesses could be positively influenced
Officer Giovanni Bossi, adding: “households
by both the opportunities to acquire new
and businesses continue to be the pillars of
customers and new loans, which will be a focus
our daily work. We are committed to building
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new confidence in Italy’s economy, and this is
for the bank in the second half of the year,
operating
costs
and
5. 05
and the still modest availability of credit on
As far as non-performing loans are concerned,
the market in the light of the caution of non-
the several portfolios of receivables due from
specialist banks in supporting companies with
households that originators are expected to
traditional credit instruments. Performance
place on the market will be thoroughly assessed.
in the year will in any case be influenced by
As for funding, the reduction in interest rates
the trend in credit quality, a key variable for
paid to customers due to market changes will
the banking market in challenging economic
lead to a significant and increasing fall in the
times. Three new branches will open in
average cost of funding, which has reached
Italy, and a new recruitment campaign will be
truly exceptional levels in absolute terms.
launched with the aim of strengthening the
bank’s relations with business customers.
HIGHLIGHTS
NET PROFIT
BALANCE SHEET - ASSET STRUCTURE
BALANCE SHEET - FUNDING STRUCTURE
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6. 06
03
Contact, innovation, dialogue:
it’s Credi Impresa Futuro, new service
for Enterprises from Banca IFIS
“Contact, innovation and dialogue”: are the
the ‘web-user’ to the people at Credi Impresa
main ingredients making up Banca IFIS’s
Futuro from whom the web-user can obtain
new service dedicated to enterprises and, in
assistance and information (like toll free
particular, entrepreneurs.
numbers, this direct line is completely free);
Indeed, Credi Impresa Futuro doesn’t only offer
• Read and get more information on doing
companies the possibility of obtaining financing
business thanks to the contents of the MondoPMI
Visit the website
but is also a multi-channel tool through which
blog, directly viewable from the branches’ home
www.credimpresafuturo.it
it is possible to ask for information, deepen
pages of the website www.credimpresafuturo.it;
one’s knowledge on particular topics, and use
• Have at one’s disposal dedicated, local
the new communication tools that Banca IFIS
information; well-researched, highly detailed
has provided for entrepreneurs.
local news important to help the enterprises
The new logo will be inseparably accompanied,
and Banca IFIS’s sales network in each area of
therefore, by a new way of working: for Credi
Italy to do business;
Impresa Futuro this means the website, both
• Compare and confront, share discussions
innovative and useful; boasting numerous
and, generally, talk to other enterprises and
already-active on-line tools which allow
businesses linked to this sector thanks to Credi
enterprises to:
Impresa Futuro’s and MondoPMI’s Facebook
• Apply for financing directly from the website;
and Twitter platforms, so as to encourage
• Find information and contact details for our
and develop a shareable, entrepreneurial and
various branches and respective consultants;
social dialogue;
• Use the on-line telephone service, “Filo
• Use all the above services – above all through
diretto” (Direct line), which can be activated
mobile devices like tablets and smartphones.
directly from the site and which connects
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7. 07
04
The 2nd NPL Meeting:
the International workshop
on the Non Performing Loans sector
September has been a moth full of events
International speakers discussed about
in Banca IFIS: one of the most important
various themes. The participation of the
For further information
ones was the 2° NPL Meeting on the 19th
public was also active.
and to discover the program
of October, organized in collaboration with
Opening the conference Ms. Jan Stieger,
and the speakers of
PwC and Credit Village, hosted in Villa
President of DBA International (American
the 2° NPL Meeting
Furstenberg, Banca IFIS’s Headquarters.
Debt Buyer Association): a presentation that
visit the official website
About
(originators,
allowed speakers and public to compare the
www.nplmeeting.it
collection and funding societies) took part
American system of collection with Italian
at the conference in which Italian and
and other foreign countries.
150
professionals
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8. 08
05
Success for the first Credit Storming,
digital lab on the theme
of Innovation in the credit world
The 17th and 18th September Banca IFIS
Business School (Milan) and from the Masters
literally got “stormed” by ideas of the
in Scientific Journalism of Sissa (Trieste).
participants of Credit Storming, the first lab
Some “mentors” and managers from Banca
focused on the link between innovation and
IFIS supplied content support together with
credit. Forty young innovators developed
useful consideration for the processing of the
ideas concerning credit across different
projects.
Discover tweets and
themes: each of the four groups consisted of
The participants, particularly the storytellers,
photos on momentz
young innovators belonging to the H-Farm
tweeted
Incubator, Digital Accademia and Marketing
(#creditstorming) describing, via the Net, the
Arena, mixed together with some employees
development of Credit Storming. At the end of
and some storytellers, who were students
the second day a jury, composed of Banca IFIS
from the Masters in Economic Journalism
top management and Riccardo Donadon, Head of
and Digital Information of Il Sole 24 Ore
H-Farm, identified the most original projects.
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the
themes
of
their
groups
9. 09
New methods of communication for
the Bank: the visual works of
Laura Bortoloni
For the whole duration of the Credit
Storming event, Laura Bortoloni, freelance
speakers and workgroups, catching the most
communication
designer,
relevant moments of the events. A new method
produced the images that accompany this
of communication, in line with Banca IFIS’s
newsletter.
desire to experiment with new styles of dialogue
For the CreditStorming, the Workshop on
and information, useful to anybody keen to learn
the Non Performing Loans Sector and the
www.laurabortoloni.com
synthesis of the concepts expressed by the
about certain topics that are sometimes treated
presentation of Credi Impresa Futuro, Laura
in an overly complicated manner.
and
graphic
transformed live events into illustrations, a
I N T E R N AT I O N A L
WORKSHOP
ON THE NON-PERFORMING LOANS SECTOR
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10. 010
06
Initiatives: on twitter #CapireBorsa
After
the
success
of
#capirebilancio,
Banca IFIS launched, on September 23rd,
a new “social education” project called
#CapireBorsa, in collaboration with the
Italian Stock Exchange, explaining stock
See the launch video
values and market terms on twitter to improve
on the Banca IFIS
the economic knowledge of its readers, useful
YouTube channel.
for managing everyday situations and for
developing cultural and economic awareness,
also through social networks.
The video that launches the initiative
highlights the keywords of finance: local,
global, real. In particular, real means “actually
in existence or in existence on the Stock
Market”. It means to know and to measure in
order to make an investment.
Tweets with the hashtag #CapireBorsa are
published daily on the @BancaIFIS profile,
on that of the C.E.O. @GiovaniBossi and on
the accounts of @rendimax, @contomax4you,
@MondoPMI, @streetnetworkIT.
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#CapireBorsa
11. 011
On the blog SalvaRisparmio
(with a new look)
Savings Dictionary
More
than
a
year
after
its
birth,
SalvaRisparmio wants to bring discussion
SalvaRisparmio, Banca IFIS’s blog dedicated
and debate around the topic of savings: it
to Saving, has been given a new “look”: the
gives information on how to save in different
colours are green and yellow, energy and
daily situations, on how to run a current or
Do you want to know
vitality and the new creativity recalls the
deposit account, on the various bill payments
the definition of a term
growing trend of economic graphs, but
with a space dedicated to comments by the
related to savings? Ask it to
lighter and more harmonious. On the left,
users. The research and the publication of
redazione@salvarisparmio.com
four buttons allow the visitor to share the
news on economic and current topics is done
contents of SalvaRisparmio on the main
thanks to the selection of the newsroom.
social networks (FaceBook, Twitter, Google+
The blog wants to be also an educational
and LinkedIn).
platform, with numerous inititives and
Together with the new layout, SalvaRisparmio
features. Latest news concern the possibility
launched the Savings Dictionary, that
for the readers to listen to the articles’
aims to explain to readers terms about both
podcast, both in Italian and English, directly
economy and savings, to increase their
online on the blog pages.
awareness towards those topics and give
useful information to the blog’s visitors.
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12. 012
07
Giovani Leoni:
new growing talents
Banca IFIS is set to employ sixty-five new
continuing growth. A trainee scheme that keeps
staff in Italy, thanks to the project “Giovani
improving, through quality control and results
Leoni”, created in 2007 with the goal of
evaluation, run thanks to the collaboration
increasing the presence of Banca IFIS on
with the HR department, the sales managers
the market; the current edition reached its
and all the teaching staff.
Discover the images
conclusion in September.
The people involved in the last edition have
on Banca IFIS’s
The youngsters, after the selection process,
shown great enthusiasm and participation,
Facebook fanpage.
faced a complete training itinerary with three
and they are willing to step in to contribute to
different
the growth of the young and innovative reality
learning
typologies:
theoretical
training in the classroom, practical training
and supporting the person in charge.
This is the eighth edition and more are
planned for the future, confirming the Bank’s
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of Banca IFIS.
13. 013
08
Careers: job opportunities
The dynamic evolution of Banca IFIS Group continues, along with the search for talent to add to its
workforce. The Bank is targeting both youngsters, for whom it provides training and professional
growth within its organization, and senior figures, who can contribute with their experience.
Currently, there are various job openings: Legal Services Employee, Customer Service contomax
Visit the website
Employee – both in Venice; Sales Managers for various divisions of Banca IFIS: Bologna, Verona,
www.bancaifis.com
Toscana-Umbria, Gallarate, Torino; Internship - Back Office (Division - Banca IFIS International);
or the Careers section on
Financial activity agent (area: NPL Banca IFIS), throughout Italy.
Banca IFIS’s LinkedIn page.
“Banca IFIS becomes partner of the MA.D.E.E. IV of Digital Accademia, the MasterLab in
Digital Economics & Entrepreneurship”
Banca IFIS supports especially the virtuous work of the small&medium enterprises and wants
to be partner of the enterpreneurs in the beginning and development of their business, offering
real support both through professional competences and the numerous initiatives that the Bank
offers. For this very reason Banca IFIS decided to substain the Ma.d.e.e. Master, supportino the
diffusion of digital innovation in the Italian SMEs.
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14. 014
09
In Agenda
OCTOBER
• 1-2 October: Banca IFIS at STAR Conference
To be always updated on
events, conferences and
NOVEMBER
• 11 November: Corriere Innovazione’s Big
Event on social innovation (Verona).
London
• 15 October: 2 Webinar CrediFamiglia on how
nd
meetings follow
to structure correctly a CV and how to
@BancaIFIS on Twitter
candidate for a job position – live on Tv
or become fan of our
Channel Banca IFIS
fanpage on Facebook.
• 13 November: Board of Directors of Banca IFIS
Approval results of 3Q
• 14 November: The 7th edition of the Credit
Village Day wants to reflect on the social
• 25-26 October: BlogTour #30IFIStour
To celebrate the 30
th
anniversary, Banca
IFIS organises a BlogTour with bloggers
belonging to digital marketing sector in a
“storytelling travel”, rich of social media and
personal interaction.
impact of loans collection in the fifth year of
one of the worst crisis ever.
• 20 November: 3nd Webinar CrediFamiglia
Live on TV Channel Banca IFIS
• 22 November: One Day in Venice - Villa
Furstenberg, HQ Banca IFIS, Mestre (Venice)
• 31 October: “Who saves find a treasure” event
organized to understand the value of money
in occasion of the World Saving Day - Villa
Furstenberg, Banca IFIS’s HQ, Mestre (Venice)
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• First week of December: Pillole di Futuro,
HQ Banca IFIS, Mestre (Venice)
15. 015
Financial Calendar
13/11/2013
Approval 3Q Results
Venezia - Mestre (Italia)
Banca IFIS’s shares on the Stock Market
Price on 30/09/2013
30/09/2013
9.89€
Min-Max 2013
5,525 (02/01/13) - 10,26 (27/09/13)
Number of shares issued
53.811.095
Capitalization
532.191.729,55 €
1 month performance
+ 4.44%
6 month performance
+ 47.39%
1 year performance
+ 88.20%
Dividend paid
0,37€ (06/05/2013)
Specialist
Intermonte Spa
On the 4th October 2013 La Scogliera S.p.A. has completed the placement, previously announced on 3 October 2013, of
6,000,000 ordinary shares of Banca IFIS S.p.A. equal to approximately 11% of Banca IFIS’s share capital, for an amount
equal to Euro 54.6 million.
In relation to Banca IFIS’s title, all financial reports and updates done by Edison and Intermonte gave judgement of Hold/Buy.
Shareholders’ breakdown
04/10/2013
Sebastien Egon Furstenberg
56.68%
Floating
34.88%
Giovanni Bossi
3.42%
Riccardo Preve
2.40%
Banca IFIS shares
2.62%
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16. 016
10
Contacts
Coverage by analysts
Marco Cavalleri
Mark Thomas
Banca Akros
Edison, Investment Research
marco.cavalleri@bancaakros.it
financials@edisoninvestmentresearch.co.uk
Christian Carrese
Irene Rossetto
Intermonte
Intermonte
ccarrese@intermonte.it
irene.rossetto@intermonte.it
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Contacts
https://twitter.com/BancaIFIS
Website: http://www.bancaifis.com
http://www.facebook.com/Banca.IFIS
Website of 2012 financial statements:
http://www.linkedin.com/company/banca-ifis
http://bilancio.bancaifis.it
http://www.youtube.com/user/BancaIFIS
Investor Contact: Mara Di Giorgio
http://tvchannel.bancaifis.it/
Email: mara.digiorgio@bancaifis.it
Phone: +39 041 502 7623
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