illimity was established to address the rapid and significant changes taking place in the banking industry. It was established to provide specialised opportunities that fulfill the needs of families and small- and medium-sized enterprises (SMEs).
illimity operates in three areas: lending to SMEs; Corporate NPL; and direct/mobile banking services for SMEs and families.
5 March 2019
Spaxs and Banca Interprovinciale merge to form illimity Bank, which is then listed on the Borsa Italiana MTA market.
Credit to small and medium-sized enterprises
We offer financial and managerial skills to SMEs and support them in their development via factoring, crossover and acquisition financing services. We can also help with plans for restructuring and relaunch through refinancing or with new finance.
To brokers and agents interested in Corporate NPL we present ourselves as investors of single names or of secured and unsecured portfolios, senior SPV financers or specialised financers for financial intermediaries and operators who are interested in corporate NPLs.
Direct and mobile banking services for families and enterprises
By Q2 of 2019, we will offer a complete range of payment and e-money services to SMEs and families. This will include a competitive offer for demand deposits and term deposits, as well as a series of products and services, both our own and via third parties, to meet the needs of families and SMEs.
Corrado Passera is the chief executive officer of illimity. He is supported by a management team with proven experience.
illimity is an Italian new-generation bank established by the merger of Spaxs and Banca Interprovinciale. It forecasts approximately €7 billion in total assets by 2023, along with around 25% return on equity (ROE).
24 June 2019
Corrado Passera intervenes at Tech Insights 2019 conference organized by United VenturesEvents
21 June 2019
Giovanni Lombardi intervenes at Fintech workshop organized by International Chamber of CommerceEvents
19 June 2019
Corrado Passera presents the illimity case study at the Aggiornamento Permanente organized by Ambrosetti in FlorenceEvents
19 June 2019
Andrea Clamer intervenes at the Regional Summit of NPL Italy organized by SmithNovakEvents
19 June 2019
Marco Russomando intervenes at the European HR Directors Summit organized by Business InternationalEvents
14 June 2019
Isabella Falautano intervenes at the Middle Manager workshop by Valore D
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