illimity Bank S.p.A., 100% owned by Banca Ifis S.p.A., is part of the Banca Ifis Group and is subject to the management and coordination activities of Banca Ifis S.p.A. effective July 4, 2025.
The Shareholders’ Meeting held on September 25, 2025, resolved to adopt the traditional administration and control system, already in place at Banca Ifis S.p.A. and within the Ifis Group, designed to ensure efficient management and effective controls, and to deliver solid results in terms of value creation for shareholders, capital strengthening, and financial balance.
Our ongoing objective is to ensure the proper allocation of responsibilities and powers through an appropriate balance between management and control functions.
The administration and control system follows a “traditional” model, assigning strategic management to the Board of Directors and supervisory and control functions to the Board of Statutory Auditors, both appointed by the Shareholders’ Meeting. The statutory audit is entrusted to an auditing firm registered in the relevant official register, appointed by the Shareholders’ Meeting upon a reasoned proposal from the control body.
illimity is also subject to the provisions set forth in the Supervisory Regulations issued by the Bank of Italy, in particular those concerning corporate governance for banks, remuneration policies, and the internal control system (Circular No. 285/2013).
The governance system has also been strengthened through the adoption of a comprehensive set of internal regulations (Regulations, Policies, and Procedures), including those of the Parent Company Banca Ifis S.p.A., which guide the activities of all organizational units of the Bank and are continuously reviewed and updated to respond effectively to the evolving regulatory framework and the realities of the Bank and the Group.
The information presented in the Pages of the Governance Section discharge the Company from the disclosure requirements on corporate governance required by applicable laws and regulations.
