• Home
  • annual-report-2020

We did hit our promised profit levels, but perhaps our greatest gains were being able to sustain many businesses, to manage loans for companies and to provide cutting-edge Open Banking services.

DOWNLOAD THE ANNUAL REPORT
READ THE FULL MESSAGE

Highlights

3

bln euros

in assets thanks to growth in net loans to customers and investments

1.6

bln euros

in loans to customers and investments

1.6

bln euros

total direct deposits from retail and corporate customers

348

illimiters

from 145 companies, 16 business industries and 12 different countries

21%

CET1 Ratio

showing how solid the bank is, ready to invest in future growth

(16.1)

mln euros

loss in the period matching the 2019 targets

4.1

bln euros

in assets thanks to growth in net loans to customers and investments

2.2

bln euros

in loans to customers and investments

2.4

bln euros

total direct deposits from retail and corporate customers

640

illimiters

from 200 companies, 17 business industries and 20 different countries

31.1

mln euros

net profit matching the 2020 targets

All the figures are at 31/12/19

All the figures are at 31/12/20

2019
2020
Compare

 

2019

All the figures are at 31.12.2019

31.12.2019

2020

All the figures are at 31.12.2020

31.12.2020

DELTA

DELTA

Assets

3 bln

31.12.2019

4.1 bn

31.12.2020

+ 36.6%

DELTA

Loans and investments

1.6 bln

31.12.2019

2.2 bln

31.12.2020

+ 37.5%

DELTA

Total direct deposits

1.6 bln

31.12.2019

2.4 bln

31.12.2020

+ 50%

DELTA

illimiters

348

31.12.2019

640

31/12/20

+ 83,9%

DELTA

CET1 Ratio

21%

31.12.2019

17,9%

31.12.2020

(3 p.p.)

DELTA

Net result

(16.1) mln

31.12.2019

31.1 mln

31.12.2020

n.m.

DELTA

Highlights

Our divisions

We remain committed to creating benefit for all our business divisions through responsible, inclusive strategic decisions and through strong values shared across every level of the organization.

Small and Medium Enterprises division

Distressed Credit Investment & Servicing division

Direct Banking division

illimity SGR

Corporate Center

Small and Medium Enterprises division
"We are a specialist partner for SMEs and we serve, through our comprehensive range of financial services, major and growing markets using a business model that combines banking and industrial expertise bolstered by the extensive use of data."

Enrico Fagioli

Head of SME

527 mln
euros in net loans to customers
261 mln
euros in Crossover and Acquisition Finance
131 mln
euros in Turnaround
135 mln
euros in Factoring
Figures at 31/12/2019
2.037 mln
million euros in net loans to customers
891 mln
euros in Crossover and Acquisition Finance
665 mln
euros in Turnaround
481 mln
euros in Factoring
Figures at 31/12/2022
527 mln
euros in net loans to customers
261 mln
euros in Crossover and Acquisition Finance
131 mln
euros in Turnaround
135 mln
euros in Factoring
Figures at 31/12/2019
2.037 mln
million euros in net loans to customers
891 mln
euros in Crossover and Acquisition Finance
665 mln
euros in Turnaround
481 mln
euros in Factoring
Figures at 31/12/2022
Distressed Credit Investment & Servicing division
“The Distressed Credit division achieved notable results over the last year, with performance beating expectations throughout 2020 both for amounts collected and profits generated through the early resolution of positions.”

Andrea Clamer

Head of Distressed Credit Investment & Servicing

1 bln
euros in loans to customers and investments
667 mln
euros in investments
341 mln
euros in senior financing
8 bln
euros in assets and loans managed
Figures at 31/12/2019
1.3 bn
euros in loans to customers and investments
972 mln
euros in investments
336 mln
euros in senior financing
9.1 bn
euros in assets and loans managed (as at 31/1/2021)
Figures at 31/12/2020
neprix
“neprix is the first leading Italian firm specialised in managing distressed corporate credits, with the expertise to simultaneously sell the underlying assets, including properties, through an extensive portfolio of specialist web platforms.”

Andrea Clamer

Head of Distressed Credit Investment & Servicing

1 bln
euros in loans to customers and investments
667 mln
euros in investments
341 mln
euros in senior financing
8 bln
euros in assets and loans managed
Figures at 31/12/2019
1.3 bn
euros in loans to customers and investments
972 mln
euros in investments
336 mln
euros in senior financing
9.1 bn
euros in assets and loans managed (as at 31/1/2021)
Figures at 31/12/2020
Direct Banking division
“illimity is creating a new kind of banking experience that fits seamlessly around our customers’ everyday lives, empowering them with information and opportunities.”

Carlo Panella

Head of Direct Banking & Digital Operations

731 mln
euros in direct deposits through illimitybank.com
1.6 bln
euros in total direct deposits from retail and corporate customers
24.000
retail customers, of which 81% active
36
Net Promoter Score
A key score for customers
Figures at 31/12/2019
1.1 bn
euros in direct deposits through illimitybank.com
2.4 bn
euros in total direct deposits from retail and corporate customers
43.000
retail customers, of which 86% active (figure as at 31/1/2021)
48
Net Promoter Score
A key score for customers
Figures at 31/12/2020
731 mln
euros in direct deposits through illimitybank.com
1.6 bln
euros in total direct deposits from retail and corporate customers
24.000
retail customers, of which 81% active
36
Net Promoter Score
A key score for customers
Figures at 31/12/2019
1.1 bn
euros in direct deposits through illimitybank.com
2.4 bn
euros in total direct deposits from retail and corporate customers
43.000
retail customers, of which 86% active (figure as at 31/1/2021)
48
Net Promoter Score
A key score for customers
Figures at 31/12/2020
illimity SGR
"We have an ambitious asset management development plan with illimity SGR, the asset management company in the illimity Group specialising in alternative investments. The primary goal for our first fund is to invest in UTP loans from corporate and/or target companies that are struggling financially but have good prospects for recovery.”

Massimo Di Carlo

Chairperson of illimity SGR and Chief Lending Officer at illimity

bitmap@2x
Corporate Center
The Corporate Center supports all business activities in a transversal way, from the ICT architecture to the audit systems, from finance to human resources management and to communication and sustainability. The following areas are part of the Corporate Center:
  • Chief Finance Officer (CFO) & Central Functions
  • Communication & Stakeholder Engagement
  • Chief Risk Officer (CRO)
  • Digital Operations
  • Internal Audit
  • Chief Lending Officer (CLO)*
*As of 1 January 2021

bitmap@2x

illimity stages

22 February 2020

Birth of illimity SGR to create and manage alternative investment funds

FIND OUT MORE

27 May 2020

illimity acquires 100% of IT Auction

FIND OUT MORE

10 September 2020

illimity lists in the STAR segment of the Italian Stock Exchange

FIND OUT MORE

22 September 2020

Agreement signed with Fabrick (Sella Group) for HYPE, a fintech joint venture

FIND OUT MORE

27 November 2020

illimity and neprix rated by FITCH

FIND OUT MORE

3 December 2020

illimity successfully completes its first bond issuance

FIND OUT MORE

12 January 2018

SPAX, the first Italian entrepreneurial SPAC, is launched

FIND OUT MORE

12 April 2018

Announcement of the Business Combination of SPAXS and Banca Interprovinciale

FIND OUT MORE

8 August 2018

The Shareholders' Meeting approves the Business Combination, illimity is born

FIND OUT MORE

17 December 2018

Inauguration of illimity's innovative new company offices, with smart spaces, in Palazzo Aporti in Milan

FIND OUT MORE

5 March 2019

On 5 March, illimity Bank S.p.A. is born, with its listing on the Italian Stock Exchange's MTA market

FIND OUT MORE

5 April 2019

Presentation by illimity of neprix, specialising in servicing distressed corporate credits

FIND OUT MORE

24 June 2019

illimity signs an agreement to purchase IT Auction

FIND OUT MORE

12 September 2019

The digital direct bank illimitybank.com kicks off

FIND OUT MORE
2018
2019
2020

To consult the Annual Report 2020 of illimity

DOWNLOAD THE ANNUAL REPORT