Asset QualityThe stability of the asset quality is considered positively, with a gross NPE ratio at 5.8%, down by 30bps qoq, and no signs of deterioration flagged.
EarningsBanca Ifis beat forecasts, mainly on higher trading income, resulting in €40mn net profit and a rock-solid 16.5% CET1 ratio.
Strategic AcquisitionThe acquisition of illimity remains highly synergistic and strategically sound.