Banca Ifis posts 8 million euro profit in H1 2026 despite 30 million euro provisions

Banca Ifis reported a consolidated net profit of €8 million for the first half of 2026, down sharply from €88 million in the same period a year earlier. The decline reflects roughly €30 million of provisions and adjustments arising from an internal review following a Bank of Italy on‑site inspection.

The bank’s CET1 ratio stands at 13.4%, and the intermediation margin reached €406.5 million, driven mainly by its Commercial & Corporate Banking division. Factoring generated €75.7 million in revenue, Corporate Banking & Lending €59.4 million, and leasing €33.3 million.

Integration with illimity is progressing, with the combined group targeting €75 million of annual synergies from 2027. Capital and liquidity remain above regulatory requirements, and the 2026 guidance is set between €100 million and €110 million, excluding any potential sale of the non‑performing loan portfolio. Incremental adjustments of €34 million have been booked in the first half, with a further €36 million expected in the second half.