Banca Ifis, ad Geertman: “Accounts above expectations”

“The third quarter confirms the positive trend of the first two quarters. The results were better than expected, having benefited from a good macroeconomic recovery”. TheCEO of Banca Ifis, Frederik Geertman, in conference call with analysts, for the first nine months of the year. “The lowest level of the range of estimates for the full year was reached in the third quarter and we have therefore updated them,” he added.

“We estimate the presentation of the 2022-2024 three-year plan for February 2022,” continued Geertman. “We are working on the three-year plan and will present an attractive and growth-based plan, even if the transfer of La Scogliera does not occur,” he explained.

Geertman recalled that “on 18 June the shareholders’ meeting of La Scogliera approved the transfer of the holding’s headquarters to the Canton of Vaud”, in Switzerland. The transfer of the registered office is subject to the occurrence of the conditions precedent, including obtaining the opinion of the Revenue Agency. “Feedback from the Revenue Agency is expected at the end of December or early 2022”, he concluded.