Banca Ifis

Quarterly Report • Oct 27, 2015

HIGHLIGHTS

Net profit	148,8	(74,2 at 30/09/2014)	+100,6%
Equity	557,0	(437,8 at 31/12/2014)	+27,2%
Funding	6.438,4	(7.742,4 at 31/12/2014)	-16,8%
Loans	3.176,2	(2.814,3 at 31/12/2014)	+12,9%

GROUP KPIs at 30/09/2015	2015	2014
Credit quality cost trade receivables	79 b.p.	231 b.p.
Book value/share €	10,50	7,90

NET BANKING INCOME (NBI)

(Million Euro)			Trade receivables sector Clients +5% vs September 2014 Turnover 7,3 bln +25,1%
327,1	(210,8 at 9 months 2014)	Trade receivables KPIs	2015	2014
+55,2%	% change 9 months 2015/2014	NBI/ Turnover	1,6%	2,0%
		NBI/ Loans	4,5%	4,7%

9 months data	Trade receiv.	DRL	Tax receiv.	G&S
2015	118,9	29,8	11,5	166,8
2014	116,0	20,0	8,1	66,6
% Change	2,5%	49,0%	41,5%	150,6%

NET RESULT OF FINANCIAL OPERATIONS

(Million Euro)

305,0	(181,1 at 9 months 2014)
+68,4%	% change 9 months 2015/2014

9 months 2015 Net Provisions trade receivable sector

Equal to 14,8 vs 30,0 mln in first nine

months 2014

Group KPI	9 months 2015	9 months 2014
Cost of credit quality trade receivables	79 b.p.	231 b.p.

Total Provisions 9 months 2015 22,1 vs 29,7 in 9 months 2014

9 months data	Trade receiv.	DRL	Tax receiv.	G&S
2015	104,2	30,9	11,4	158,6
2014	86,0	20,3	8,3	66,6
% Change	21,1%	52,2%	37,9%	138,2%

NET PROFIT

BALANCE SHEET – ASSET STRUCTURE

(Million Euro) % change 30/09/2015 vs 31/12/2014

Loans to customers

3.176,2 +12,9%

of which: 2.658,7 trade receiv. 261,9 DRL 113,9 tax receiv. 141,7 g&s

Total assets 7.244,7

3.677,9-27,5%

Portfolio of Italian bonds 3,7 bln

Due from banks 247,0 -10,1%

CREDIT QUALITY

(Million Euro) % change 30/09/2015 vs 31/12/2014

Loans to customers: 2.658,7 +8,3%

BALANCE SHEET – ASSET STRUCTURE

(Million Euro) % change 30/09/2015 vs 31/12/2014

rendimax and contomax 2.947,4 -11,1%		Total funds and deposits
Wholesale funding 537,9 due from banks	-76,2%	6.438,4	-16,8%
Wholesale funding 2.840,5 PCT	+36,4%

GOVERNMENT BONDS PORTFOLIO at September 30

(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
Total amount	713,0	735,5	0	1.280,0	650,0	190,0	3.568,5
% on total amount	20,0%	20,6%	0%	35,9%	18,2%	5,3%	100%

BANCA IFIS GROUP: EQUITY BREAKDOWN

Equity Changes
Equity 31/12/2014	437,8
Increase:	154,2
Profit of the period	148,8
Sale of treasury shares	2,6
Valuation reserve	2,8
Decrease:	35,0
Dividend distributed	35,0
Equity 30/09/2015	557,0

Group KPIs	2015	2014
	30/09/15	31/12/14
Common Equity Tier 1 Ratio (CET1)	15,34%	13,89%
Tier 1 Capital Ratio	15,63%	13,98%
Total Own Fund Capital Ratio	16,02%	14,21%