illimity is the new bank
established by the merger of Spaxs and Banca Interprovinciale

Why illimity

illimity was established to address the rapid and significant changes taking place in the banking industry. It was established to provide specialised opportunities that fulfill the needs of families and small- and medium-sized enterprises (SMEs).

illimity operates in three areas: lending to SMEs; Corporate NPL; and direct/mobile banking services for SMEs and families.

March 2019

5 March 2019

Spaxs and Banca Interprovinciale merge to form illimity Bank, which is then listed on the Borsa Italiana MTA market.

Our service

Credit to small and medium-sized enterprises

We offer financial and managerial skills to SMEs and support them in their development via factoring, crossover and acquisition financing services. We can also help with plans for restructuring and relaunch through refinancing or with new finance.

Corporate NPL

To brokers and agents interested in Corporate NPL we present ourselves as investors of single names or of secured and unsecured portfolios, senior SPV financers or specialised financers for financial intermediaries and operators who are interested in corporate NPLs.

Direct and mobile banking services for families and enterprises

By Q2 of 2019, we will offer a complete range of payment and e-money services to SMEs and families. This will include a competitive offer for demand deposits and term deposits, as well as a series of products and services, both our own and via third parties, to meet the needs of families and SMEs.

The team

Corrado Passera is the chief executive officer of illimity. He is supported by a management team with proven experience.

Investor

illimity is an Italian new-generation bank established by the merger of Spaxs and Banca Interprovinciale. It forecasts approximately €7 billion in total assets by 2023, along with around 25% return on equity (ROE).

illimity on the Stock Exchange

Stock Price

8,36 €

0,72%

Last update:

23/03/2019 08:28:15

Market cap ordinary shares:

€490.3 mln

Conditional share right Price:

1.65€

Variazione:

5.77%

Market cap conditional share rights:

€46.5 mln

Last update:

22/03/2019

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