illimity Bank SpA ( (IT:ILTY) ) has provided an update.
illimity Bank has approved its Strategic Guidelines for 2026-2028, focusing on credit and investment banking services for SMEs, reducing operating costs, and enhancing non-strategic assets. The bank aims to maintain a solid capital position and achieve significant growth in total assets and net profit by 2028, despite challenges from external economic factors and market shifts. The strategic shift reflects a response to the unpredictable economic environment, including rising interest rates and a decline in the NPE market, prompting illimity to concentrate on areas with greater market potential.
More about illimity Bank SpA
illimity Bank S.p.A., founded in 2019, specializes in offering credit and investment banking services to Italian SMEs, leveraging strong corporate sector expertise and a high digital component. The bank initially focused on corporate credit, NPE investment, and fintech initiatives but has shifted its focus due to changes in the economic landscape.
YTD Price Performance: 5.11%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €292.2M
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