Banca IFIS is a company dealing in specialty financing. Its main areas of business involve credit services and solutions for enterprises and the purchase/management of non- performing loan portfolios. Banca IFIS has a solid, sustainable and diversified business model that allows it to achieve profitable results that continue to grow. Founded in 1983 by Sebastien Egon Furstenberg, the current Chairman, Banca IFIS has been listed on the Milan Stock Exchange since 2003. In 1989, the company’s shares received listing admission on the ex over-the-counter market of Genoa and, in 1990, that of Milan. Since 1999, Banca IFIS has expanded in Italy and Eastern Europe with the opening of new branches. In 2002, Banca IFIS became a member of "Factors Chain International". In 2004, Banca IFIS received listing admission on the STAR segment of the Borsa Italiana. In July 2006, the Bank purchased Fidis Faktoring Polska, a Polish captive company specialized in factoring for the local offices of the Fiat Group. In March 2008, Banca IFIS presented the market with its new 2008–2010 Business Plan, the main guidelines of which focusing on growth in core business ; increased internationalisation in terms of business and geographic presence; extension in the range of products offered and the diversification of funding sources, also through the kick off of an on-line savings programme. The Rendimax Savings Account, the Bank’s first retail product, was launched in July 2008. In July 2010, a capital increase for 50 million Euro was concluded and entirely subscribed. The purpose of this capital increase was to support the increase in loans and the expansion in Banca IFIS Group’s activities, which grew constantly over 2009 and in the first few months of 2010 and, in particular to strengthen capital requirements in response to the stricter capital requirement regulations introduced by Supervisory Authorities. In 2016 The Banca IFIS group acquired former GE Capital Interbanca and hence entered the business leasing, medium-term lending and structured finance world. New brand name, Banca IFIS Impresa, given to the sector financing enterprises. In 2018 IFIS NPL S.P.A., a public limited company including within its scope the spin-off of Banca IFIS’ NPL Area, became fully operational. Capitalfin and Credifarma joined the Banca Ifis Group.
