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10/03/2022
12:09

Banca Ifis: the BoD has approved the 2021 draft financial statements and dividend proposal of 0,95 Euro/share, equal to twice the 2020 coupon

SDIR: REGEM

Mestre (Venice), 10 March 2022 – The Board of Directors of Banca Ifis met today under the chairmanship of Ernesto Fürstenberg Fassio and has approved the draft and consolidated financial statements for the year 2021 which incorporate the preliminary results as at 31 December 2021, previously approved by the Board and disclosed to the market on 10 February 2022. The consolidated financial statements show an annual Parent Company net profit of 100,6 million Euro, a result that is higher than the guidance we had revised upwards in November and estimated at between 90 and 100 million Euro.

In 2021, Banca Ifis was able to seize the opportunities offered by the economic recovery, creating the basis for the 2022-24 Business Plan. The Group went beyond expectations, confirming revenues at an all-time high thanks to the excellent performance of all the Bank’s business segments. In this context, moreover, the
transfer of the registered office of La Scogliera to the Canton of Vaud (Lausanne – CH), for the Chairman’s personal reasons, had the added effect of optimizing the Bank’s capital requirements, confirming the controlling shareholder’s focus on long-term growth.

The 2021 draft financial statements will be submitted to the Shareholders’ Meeting on 28 April 2022. For more details, please see the press release on the preliminary results, available in the ‘Media’ section of the website: https://www.bancaifis.it/en/

Banca Ifis will propose to the Shareholders’ Meeting the distribution of a 2021 dividend equal to 0,95 Euro per share, already considered as a deduction from own funds as at 31 December 2021 and equal to double the coupon distributed in 2021 against FY 2020 (0,47 Euro per share).
The payment date will be on 25 May 2022, the record date on 24 May 2022 and the ex-dividend date (coupon no. 25) on 23 May 2022.
The dividend will be paid through the authorized financial intermediaries with which the shares are registered in the Monte Titoli system.

The Meeting notice and documentation on the meeting minutes will be published according to the terms and guidelines stipulated by the regulations in force.