Banca IFIS

Banca IFIS (Istituto di Finanziamento e Sconto) is a bank founded in 1983 in Genoa, Italy by Sebastien Egon Fürstenberg, the current Chairman and majority shareholder.

Contents

• Italy
• Foreign office
• References

In 1989, the company’s shares received listing admission on the ex over-the-counter market of Genoa and, in 1990, that of Milan.

Since 1999, Banca IFIS has expanded in Italy and Eastern Europe with the opening of new branches.

In 2002, Banca IFIS became a member of "Factors Chain International".

In 2004, Banca IFIS received listing admission on the STAR segment of the Borsa Italiana.

In July 2006, the Bank purchased Fidis Faktoring Polska, a Polish captive company specialized in factoring for the local offices of the Fiat Group.

In March 2008, Banca IFIS presented the market with its new 2008–2010 Business Plan, the main guidelines of which focusing on growth in core business (factoring); increased internationalisation in terms of business and geographic presence; extension in the range of products offered and the diversification of funding sources, also through the kick off of an on-line savings programme.

The Rendimax Savings Account, the Bank’s first retail product, was launched in July 2008.

In July 2010, a capital increase for 50 million Euro was concluded and entirely subscribed. The purpose of this capital increase was to support the increase in loans and the expansion in Banca IFIS Group’s activities, which grew constantly over 2009 and in the first few months of 2010 and, in particular to strengthen capital requirements in response to the stricter capital requirement regulations introduced by Supervisory Authorities.

In 2016 IFIS acquired Interbanca from GE Capital.