Banca Ifis

Earnings Release • Jul 28, 2015

HIGHLIGHTS

(Million Euro)

Net profit	130,8	(50,1 at 30/06/2014)	+161,3%
Equity	524,3	(437,8 at 31/12/2014)	+19,7%
Funding	6.494,9	(7.742,4 at 31/12/2014)	-16,1%
Loans	3.152,1	(2.814,3 at 31/12/2014)	+12%

GROUP KPIs at 30/06/2015	2015	2014
Credit quality cost trade receivables	112 b.p.	252 b.p.
Book value/share €	9,88	7,52

NET BANKING INCOME (NBI)

264,7 (143,0 at 1H 2014)

+85,1% % change 1H 2015/2014

(Million Euro)

Trade receivables sector

Clients +7% vs June ²⁰¹⁴ Turnover 4,6 bln +22,3%

Trade receivables KPIs	2015	2014
NBI/ Turnover	1,7%	2,1%
NBI/ Loans	5,9%	7,0%

1H data	Trade receiv.	DRL	Tax receiv.	G&S
2015	77,3	19,5	7,5	160,4
2014	78,6	13,0	4,4	47,0
% Change	-1,7%	50,0%	72,3%	241,1%

NET RESULT OF FINANCIAL OPERATIONS

(Million Euro)

247,8 (121,8 at 1 H 2014) +103,4% % change 1H 2015/2014

1H data	Trade receiv.	DRL	Tax receiv.	G&S
2015	63,8	20,2	7,6	156,2
2014	56,2	14,3	4,3	47,0
% Change	13,6%	41,0%	75,6%	232,1%

1H 2015 Net provisions

Equal to 12,7 vs 21,2 mln in first

six months 2014

Group KPI	1H 2015	1H 2014
Cost of credit quality trade receivables	112 bp	252 bp

Total Provisions 1H 2015

16,9 vs 21,2 in 1H mesi 2014

NET PROFIT

(Million Euro)

BALANCE SHEET – ASSET STRUCTURE

(Million Euro) % change 30/06/2015 vs 31/12/2014

Loans to customers

3.152,1 +12%

of which: 2.617,1 trade receiv. 220,4 DRL 114,3 tax receiv. 200,3 g&s

Total assets 7.221,4

Other Financial Assets (AFS+HTM) 3.803,2-25,0%

Portfolio of Italian bonds 3,8 bn

Due from banks 114,8 -58,2%

CREDIT QUALITY

(Million Euro) % change 30/06/2015 vs 31/12/2014

Loans to customers: 2.617,2 +6,6%

BALANCE SHEET – ASSET STRUCTURE

(Million Euro) % change 30/06/2015 vs 31/12/2014

rendimax and contomax 2.930,6	-11,6%		Total funds and deposits
Wholesale funding 457,4	due from banks	-79,8%	6.494,9	-16,1%
Wholesale funding 3.010,5 PCT		+44,5%

DEBT SECURITIES PORTFOLIO as of June 30th

(Million Euro) Nominal Value

	By December 2015	from January to December 2016	from January To December 2017	from January to December 2018	from January to December 2019	from January to December 2020	Total
Totale	873,7	756,1	0	1.312,7	664,0	192,3	3.798,8
% sul totale	23%	20%	0%	35%	17%	5%	100%

BANCA IFIS GROUP: EQUITY BREAKDOWN

(Million Euro)

Equity Changes
Equity 31/12/2014	437,8
Incease:	134,2
Profit of the period	130,8
Sell of treasury shares	2,6
Valuation reserve	0,8
Decrease:	47,7
Dividend distributed	35,0
Valuation reserve	12,6
of wich AFS	12,6
Equity 30/06/2015	524,3

Group KPIs	2015	2014
	30/06/15	31/12/14
Common Equity Tier 1 Ratio (CET1)	15,43%	13,89%
Tier 1 Capital Ratio	15,72%	13,98%
Total Own Fund Capital Ratio	16,11%	14,21%