About us

illimity is a new-generation bank. As well as being specialised in its skills and offering, it relies on the best information technology (IT) and guarantees new levels of quality, service and efficiency. All this without ever losing the human connection.

illimity bank

Corrado Passera, founder and CEO, explains how illimity evolved from an idea to an active reality – on the market in just 12 months.

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illimiters involved in building the new bank

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Investments made through the SPAC

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In business volumes of which 457 SMEs and 733 NPL

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of GBV NPL managed by Neprix

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Users engaged in building the new direct bank

illimity’s story: from concept to reality in less than a year

2018
2019
12 January 2018 Establishment of Spaxs, the first Italian special-purpose acquisition company, to pursue an investment project aimed at the creation of a new player in the banking sector.
1 February 2018 With and institutional placement of €600 million, mostly from foreign investors, Spaxs is established as the first Spac by size in Europe and is listed on AIM segment.
13 April 2018 The merger of Spaxs and Banca Interprovinciale, a solid and healthy bank with assets of around €1 billion, is announced
8 August 2018 A meeting of Spaxs shareholders approves the merger with Banca Interprovinciale and announces the name of the new bank: illimity is born.
20 September 2018 The acquisition of Banca Interprovinciale is completed and illimity begins to operate on the market.
December 2018 Within three months, illimity acquires the first billion in euros of gross NPLs.
5 March 2019 The merger between Spaxs and Banca Interprovinciale becomes effective, and illimity debuts on the MTA italian Stock Exchange
27 June 2019 Launch of the direct banking for the first ambassadors of the community Vai oltre la forma.

The core values of illimity

  • Competence and Experience

    The support that we offer SMEs, and our Corporate NPL activity, requires significant skills and experience in finance and management. This expertise and knowledge is enhanced by data analytics, machine learning and AI – all areas in which illimity intends to heavily invest.

  • Courage

    We commit to always be more business minded, to have the ability to overcome obstacles and to always try to go the extra mile, turning challenges into opportunities. We aim to overcome prejudices, embrace new solutions, follow new paths. This vision set us apart, especially when it comes to finance solutions for SMEs that have growth potential but a low credit rating, or even those that face challenges.

  • Independence

    A truly independent start-up, not influenced by previous decisions, and free from group or alliance obligations and preconceptions. We go over and above.

  • Competence and Experience

    The support that we offer SMEs, and our Corporate NPL activity, requires significant skills and experience in finance and management. This expertise and knowledge is enhanced by data analytics, machine learning and AI – all areas in which illimity intends to heavily invest.

  • Courage

    We commit to always be more business minded, to have the ability to overcome obstacles and to always try to go the extra mile, turning challenges into opportunities. We aim to overcome prejudices, embrace new solutions, follow new paths. This vision set us apart, especially when it comes to finance solutions for SMEs that have growth potential but a low credit rating, or even those that face challenges.

  • Independence

    A truly independent start-up, not influenced by previous decisions, and free from group or alliance obligations and preconceptions. We go over and above.

Latest News

Press releases

7 August 2019

Avviso di deposito documentazione

Press releases

6 August 2019

Avviso di deposito documentazione

Press releases

5 August 2019

Avviso di deposito documentazione

Press releases

2 August 2019

illimity's positive trend accelerates in the second quarter of 2019

Press releases

31 July 2019

illimity acquires NPL with a gross book value of about 700 million euro, reaching 3 billion euro

Press Review

29 July 2019

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