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We concluded our first four years of activity by creating a banking group of almost 900 professionals, over 6 billion euros of assets and a profit before tax of more than 100 million euros (net profit of 75 million euros). All this was achieved while maintaining a low risk profile and a very solid capitalisation, always paying close attention to the ambitious ESG goals we set ourselves.

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Rosalba Casiraghi

Chairperson of illimity

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Corrado Passera

CEO of illimity

Highlights

4.7

bn euros

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

2.8

bn euros

in loans to customers and investments

3.3

bn euros

total direct deposits from retail and corporate customers

725

illimiters

from 200 companies, 17 business industries and 20 different countries

18.8%

CET1 Ratio

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

65.6

mln euros

net profit matching the 2020 targets

6.4

bln euros

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

3.8

bln euros

in loans to customers and investments

4.1

bln euros

total direct deposits from retail and corporate customers

853

illimiters

from 200 companies, 17 business industries and 20 different countries

15.8%

CET1 Ratio

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

75.3

mln euros

net profit matching the 2022 targets

All the figures are at 31/12/21

All the figures are at 31/12/22

2021
2022
Compare

2021

All the figures are at 31.12.2021

31.12.2021

2022

All the figures are at 31.12.2022

31.12.2022

DELTA

DELTA

Assets

4.7 bn

31.12.2021

6.4 bn

31.12.2022

+ 36%

DELTA

Loans and Investements

2.8 bn

31.12.2021

3.8 bn

31.12.2020

+ 37%

DELTA

Total direct deposits

3.3 bn

31.12.2021

4.1 bn

31.12.2022

+ 22%

DELTA

illimiters

725

31.12.2021

853

31.12.2022

+ 18%

DELTA

CET1 Ratio

18.8%

31.12.2021

15,8%

31.12.2022

- 3 p.p

DELTA

Net result

65.6 mln

31.12.2021

75.3 mln

31.12.2022

+ 15%

DELTA

Highlights

Our divisions

Growth Credit

We work side by side with Italian companies with one goal: to enhance their potential, together

Investment Banking

We support businesses, financial companies and public institutions with innovative products

b-ilty

The first bank to offer a full range of digital banking services to the SME world

Distressed Credit

We foster the development of SMEs and their potential, also assisting them in restructuring and revitalisation processes

Companies

ARECneprix

We are a leader Asset Management Company

Abilio

We specialise in digital brokerage of real estate and capital goods

illimity SGR

We set up and manage Alternative Investment Funds specialising in corporate credits

Growth Credit
“2022 has been a year of great results. The revenues of the Division currently account for 23% of the Group total, and grew by 49% compared with 2021. This result was driven by the significant increase in business volumes during the period, proof of illimity's capacity to position itself as a leading operator in its market segments. We are very proud and can look ahead to a significant pipeline of operations throughout 2023.”

Enrico Fagioli

Head of Growth Credit Division

1.434 mln
euros in net loans to customers
628 mln
euros in Crossover and Acquisition Finance
438 mln
euros in Turnaround
368 mln
euros in Factoring
Figures at 31/12/2021
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
Our stories
Costa Edutainment
Morato Pane
Bedeschi
L’Orto di Jack
Alice Pizza
1.434 mln
euros in net loans to customers
628 mln
euros in Crossover and Acquisition Finance
438 mln
euros in Turnaround
368 mln
euros in Factoring
Figures at 31/12/2021
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
Investment Banking
“Despite the complex macroeconomic scenario, 2022 has been a year of excellent profitability. We recorded a profit before taxes of 7.8 million euros, with a Cost/Income Ratio of 38%. We have an exciting pipeline of operations ahead of us for 2023, which will continue to grow our Division.”

Fabiano Lionetti

Head of Investment Banking Division

illimity NOVAS
This was the Bank's first Equity Conference, at which companies and investors had the opportunity to meet, discuss and share information. The event gave the Capital Markets Team the opportunity to demonstrate the incredible progress made in the segment in little over a year. During illimity NOVAS, eight corporate customers were able to meet, in person, the most important Italian and foreign fund managers specialising in MicroCaps.

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b-ilty
“b-ilty is the first bank to offer a complete range of digital banking services to SMEs. 2022 was the first year for this initiative, and b-ilty’s contribution is expected to grow considerably in 2023 in relation to its actual commercial launch, with an acceleration forecast for 2024.”

Carlo Panella

Head of b-ilty Division

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Emozioni d’Impresa
Webinar sessions promoted by b-ilty, where illimity’s managers offer points for reflection that are useful for the growth of SMEs, so that they can achieve their potential. The emotions and needs of businesses are the key players in the dialogue, at a historic time characterised by extreme socio-economic changes. Each session covers different issues, including the relationship between the digital sphere and human relationships, or how to build a successful work experience.

bilty-bil-s
Distressed Credit
“The Distressed Credit Division has confirmed its position as a key contributor to the Group's consolidated results. Revenues, which amounted to 210 million euros in 2022, grew by 6% YoY and represented 65% of the Group's consolidated revenues. Our operations showed a high level of efficiency, with a profit before taxes of approximately 119 million euros, up by 4% compared with 2021. We are optimistic and see an exciting future ahead of us.”

Andrea Clamer

Head of Distressed Credit

1.259 mln
euros in loans to customers and investments
923 mln
euros in investments
336 mln
euros in senior financing
8.5 bn
euros in assets and loans managed
Figures at 31/12/2021
1.490 mln
euros in loans to customers and investments
1.02 mln
euros in investments
469 mln
euros in senior financing
12.6 bln
euros in assets and loans managed (as at 31/1/2022)
Figures at 31/12/2022
BELIEVE
This is a new annual format promoted by illimity to encourage dialogue between finance and business. The credit sector's role in supporting companies is more crucial now than ever before: businesses are facing new challenges caused by the international economic and geopolitical context and by the continuation of trends that mean business models need to change. With BELIEVE, illimity wants to develop a space for discussion with the aim of constructing a virtuous ecosystem that facilitates SMEs’ access to credit and to the tools that the financial sector can offer.

1.259 mln
euros in loans to customers and investments
923 mln
euros in investments
336 mln
euros in senior financing
8.5 bn
euros in assets and loans managed
Figures at 31/12/2021
1.490 mln
euros in loans to customers and investments
1.02 mln
euros in investments
469 mln
euros in senior financing
12.6 bln
euros in assets and loans managed (as at 31/1/2022)
Figures at 31/12/2022
ARECneprix
"One of the key events of 2022 was the conclusion of the merger that gave rise to ARECneprix, currently the third-largest player on the corporate UTP market, with assets under management of approximately 10 billion euros, of which approximately 30% are non-captive. The unique and distinctive business model of ARECneprix will generate incremental business opportunities and significant Group synergies."

Andrea Battisti

CEO of ARECneprix

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ARECneprix’s areas of specialization are:
Distressed Credit: it supports investors throughout the value chain: from origination to due diligence to the management of secured and unsecured corporate assets, through accurate assessment of loan status and in-depth legal analysis and valuation of the underlying real estate.

Real Estate: it offers a complete range of services: from support for investors to analysis and verification of real estate values, to big data analytics, data enrichment and location intelligence, to property management and asset management.

arec-neprix-sidebar
Abilio
"Abilio is the illimity Group company that specialises in the digital brokerage of property and capital goods from the judicial domain, leasing companies and voluntary sales. In 2022 Abilio launched Quimmo, a platform created to cover the entire value chain of property sales."

Renato Ciccarelli

CEO di Abilio

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Quimmo
April 2022 saw the creation of Quimmo, the prop-tech platform that meets the needs of both private and institutional buyers and sellers. A cutting-edge platform created to simplify the purchase and sale of properties and cover the entire value chain. Quimmo puts property at the forefront and provides clear, complete assistance to support buyers and sellers throughout the entire process (regardless of the method of sale involved, from electronic auction to private negotiation) and at any stage (from the choice of property to the purchase).

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illimity SGR
In spring 2021 it launched its first fund, “illimity Credit & Corporate Turnaround” (“iCCT”), dedicated to investments in loans classified as UTP to SMEs with prospects for restructuring and relaunch, operating in a diverse range of sectors. This fund offers unitholder banks the chance to benefit from professional credit management and value maximisation thanks to the business and financial turnaround programme that the fund offers and promotes.

The second half of 2022 saw the launch of the second fund, “illimity Real Estate Credit” (“iREC”), which is dedicated to investments in non-performing loans – mainly UTPs – secured by real estate assets, in the form of both mortgage loans and lease agreements. Its aim is to pool the skills developed by illimity SGR in fund structuring and management with those of the illimity Group in the management and enhancement of non-performing loans secured by real estate assets, using the expertise of ARECneprix.

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Our commitment

At illimity, ESG issues are key to delivering projects that bring real value to society.

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fondazione illimity

Generating value means being useful: we give back value to real estate assets to create new spaces for inclusion, cohesion and shared well-being.

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Sustainability Highlights

We are a "Sustainable Native Company", since the day we were created we have started a path of integrating sustainability into the Group’s strategies, processes and governance.

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Corporate Center

The Corporate Center provides cross-sector support for all Business activities, from the IT architecture through to control systems, finance, HR management, communications and sustainability.

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illimity stages

11 February 2022

b-ilty, the first Digital Business Store of financial services and credit for SMEs, is born

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5 April 2022

Quimmo, the platform responding to the needs of real-estate buyers and sellers, is born

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11 May 2022

illimity reaches an agreement to purchase AREC

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20 July 2022

illimity receives an upgrade of its ESG ratings: MSCI and Standard Ethics

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13 September 2022

iREC, illimity SGR's second fund, is launched

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11 October 2022

Sustainalytics certifies illimity's ESG Risk Rating at Low Risk level

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11 October 2022

illimity ranks 58th in World's Most Socially Responsible Banks chart

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12 October 2022

fondazione illimity presents Albergo Etico Cesenatico

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17 October 2022

fondazione illimity presents (RE)GENERATION CAMP

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30 November 2022

illimity launches a liability management operation

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7 December 2022

Second senior bond issue successfully completed

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12 January 2018

SPAX, the first Italian entrepreneurial SPAC, is launched

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12 April 2018

Announcement of the Business Combination of SPAXS and Banca Interprovinciale

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8 August 2018

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

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17 December 2018

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

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5 March 2019

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

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5 April 2019

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

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25 June 2019

illimity signs an agreement to purchase IT Auction

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12 September 2019

The digital direct bank illimitybank.com kicks off

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22 February 2020

Birth of illimity SGR to create and manage alternative investment funds

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27 May 2020

illimity acquires 100% of IT Auction

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10 September 2020

illimity lists in the STAR segment of the Italian Stock Exchange

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22 September 2020

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

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27 November 2020

illimity and neprix rated by FITCH

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3 December 2020

illimity successfully completes its first bond issuance

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10 March 2021

illimity obtains the Nomad qualification on AIM Italy market

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1 April 2021

illimity SGR completes the first closing of "Credit & Corporate Turnaround"

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28 April 2021

illimity presents the First Non-Financial Statement on a Voluntary basis

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14 May 2021

illimity achieves Carbon Neutrality

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15 June 2021

fondazione illimity is born

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22 June 2021

illimity approves the 2021-25 Strategic Plan

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28 June 2021

illimity, in the role of Nomad, accompanies its first SME to the stock exchange listing

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30 June 2021

illimity concludes the placement of its first subordinated tier 2 bond

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24 November 2021

My Sport e Salute, the sports app developed with illimity technologies and services, is born

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25 November 2021

“Basket Bond - Sustainable Energy" is born with illimity acting as Arranger

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3 December 2021

illimity joins the UN Global Compact

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28 December 2021

illimity SGR completes the second closing of "Credit & Corporate Turnaround"

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