Page 17 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
Commercial and corporate banking
Banca Ifis has been created as a specialised factoring operator, with a solid competitive position in services and
support for small and medium enterprises, which are offered tailor-made solutions. The Bank is therefore the fifth
most important Italian factoring operator in terms of turnover, with 4,9% of the market and a market share of 1,6% in
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financial leasing and operating leasing, a top leader in electric car leasing. Also specialised in advisory on corporate
acquisitions, M&As and medium and long-term loans, with or without guarantees, for industrial investments.
The Group has a division that is entirely dedicated to tax credits, with an important presence in the finance sector for
pharmacies, through the companies Credifarma and Farbanca (the latter only recently acquired) and manages the
invoice advances to the Public Administration. It has also accrued specific competence in recognising the credit rating
of SMEs. In 2020, the Group boasted a total of approximately 100.000 client businesses.

Retail business
Banca Ifis flanks its corporate business with services for retail customers, with the Rendimax Deposit Account, an on-
line deposit account for family and business savings, and the Rendimax Current Account. Since 2018, the institute
operates in consumer credit with Cap.Ital.Fin. S.p.A., a financial intermediation company specialised in salary- and
pension-backed loans, also in payment delegations.

NPL
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Banca Ifis is the sixth most important operator , with 23,6 billion Euro in assets under management and leads the
unsecured bad loans segment. Having been operating on the market since 2011, it was one of the very first
companies to enter the non-performing loans market.
It operates as leading investor and owns one of the very best servicers operating nationwide, with platforms for managing
the collection of its own debt and that on behalf of third parties. Its main competitive advantage stems precisely from the
combination of capacity to purchase and manage Npl portfolios and a proprietary database numbering more than 1,4
million debtors.

6 Source: Assifact – FY 2020
7 Source: Assilea – FY 2020
8 Source: Market Watch Npl January 2021 of the Banca Ifis Study Office
9 At 31 December 2020

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