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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Illimity Bank S.p.A.    ILTY   IT0005359192

ILLIMITY BANK S.P.A.

(ILTY)
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illimity Bank S p A : First rating assignment of the Fitch Ratings agency to illimity

11/27/2020 | 10:45am EST

FIRST RATING ASSIGNMENT OF THE FITCH RATINGS AGENCY TO ILLIMITY

Milan, 27 November 2020 - illimity Bank S.p.A. ("illimity" or the "Bank") announces that today the international rating agency Fitch Ratings has assigned the first rating to the Bank: Long-Term Issuer Default Rating ("IDR") of "B+" with Stable Outlook, Viability Rating ("VR") of "b+".

The original text of the press release published by Fitch is available on the rating agency's website (www.fitchratings.com).

***

For further information:

Investor Relations

Silvia Benzi: +39.349.7846537 - +44.774.1464948 silvia.benzi@illimity.com

Press & Communication illimity Isabella Falautano, Francesca D'Amico +39.340.1989762 press@illimity.com

Sara Balzarotti, Ad Hoc Communication Advisors +39.335.1415584 sara.balzarotti@ahca.it

illimity Bank S.p.A.

illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform, neprix, provides digital direct banking services through illimitybank.com and, with illimity SGR, over the next few months will set up and manage the first Alternative Investment Fund for corporate loans. The story of illimity began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two, giving rise to "illimity Bank S.p.A." which has been listed on the Italian Stock Exchange since 5 March 2019, (ticker "ILTY"), first on MTA exchange and since September 2020 on the Star Segment. The banking group, headquartered in Milan, can already count on over 600 employees and closed its first year of activity with assets of 3 billion euro.

Illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

illimity Bank S.p.A. published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 15:44:04 UTC


© Publicnow 2020
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Financials
Sales 2020 162 M 197 M 197 M
Net income 2020 30,6 M 37,2 M 37,2 M
Net Debt 2020 - - -
P/E ratio 2020 21,8x
Yield 2020 -
Capitalization 655 M 797 M 797 M
Capi. / Sales 2020 4,04x
Capi. / Sales 2021 2,66x
Nbr of Employees 546
Free-Float 76,0%
Chart ILLIMITY BANK S.P.A.
Duration : Period :
illimity Bank S.p.A. Technical Analysis Chart | ILTY | IT0005359192 | MarketScreener
Technical analysis trends ILLIMITY BANK S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 10,45 €
Last Close Price 8,92 €
Spread / Highest target 17,7%
Spread / Average Target 17,2%
Spread / Lowest Target 16,6%
EPS Revisions
Managers and Directors
NameTitle
Corrado Passera Chief Executive Officer & Director
Rosalba Casiraghi Chairman
Francesco Renato Mele Chief Financial Officer
Massimo Brambilla Director
Maurizia Squinzi Independent Director
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