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As illimity enters its fifth year, we reflect on the journey that has brought us here. These have been particularly turbulent years, where illimity has been forced to navigate unprecedented market conditions influenced by unpredictable geopolitical factors. Our continued growth has also enabled us to exceed EUR 7 billion in assets and generate over EUR 100 million in net profit.

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Rosalba Casiraghi

Chairperson of illimity

corrado-pic

Corrado Passera

CEO of illimity

Highlights

6.4

bln euros

in assets thanks to growth in net loans to customers and investments

3.8

bln euros

in loans to customers and investments

4.1

bln euros

total direct deposits from retail and corporate customers

853

illimiters

from 200 companies, 17 business industries and 20 different countries

15.8%

CET1 Ratio

showing how solid the bank is, ready to invest in future growth

75.3

mln euros

net profit matching the 2022 targets

7,3

bln euros

of assets thanks to the growth of net loans to customers and investments

4,1

bln euros

in loans to customers and investments

5,1

bln euros

total direct deposits from retail and corporate customers

921

illimiters

from 350 companies, 18 business industries and 25 different countries

14,7

CET1 Ratio

confirming the bank’s soundness

104,4

mln euros

net profit up by 39% on 31.12.2022

All the figures are at 31/12/22

All the figures are at 31/12/23

2022
2023
Compare

 

2022

All the figures are at 31.12.2022

31.12.2022

2023

All the figures are at 31.12.2023

31.12.2023

DELTA

DELTA

Assets

6.4 bn

31.12.2022

7,3 bln

31.12.2023

+ 14%

DELTA

Loans and Investements

3.8 bn

31.12.2022

4,1 bln

31.12.2023

+ 8%

DELTA

Total direct deposits

4.1 bn

31.12.2022

5,1 bln

31.12.2023

+ 26%

DELTA

illimiters

853

31.12.2022

921

31.12.2023

+ 8%

DELTA

CET1 Ratio

15,8%

31.12.2022

14,7%

31.12.2023

- 1 p.p

DELTA

Net result

75.3 mln

31.12.2022

104,4 mln

31.12.2023

+ 39%

DELTA

Highlights

Video

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Our divisions

We remain committed to creating benefit for all our business divisions through responsible, inclusive strategic decisions and through strong values shared across every level of the organization.

Growth Credit

We work alongside Italian companies with one purpose: to enhance their potential, together.

Investment Banking

We support businesses, financial companies and public institutions with innovative products.

b-ilty

The first bank to offer a full range of digital banking services to the SME world.

Distressed Credit

We support the development of SMEs and their potential, also assisting them in restructuring and revitalization processes.

Companies

ARECneprix

We are a Total Asset Management & Structuring Company specializing in the management of credits and properties, as well as in structuring purchase and sale operations of credits.

Abilio

We specialise in the digital intermediation of real estate and tangible assets.

illimity SGR

We specialise in structuring and managing Alternative Investment Funds in support of institutions and businesses.

Growth Credit
“2023 has been a year of significant results. The revenues of the Division currently account for 50% of the Group total, and grew by 50% compared with 2022. This result was driven by the significant increase in business volumes during the period, even net of the early repayments of operations that were a constant in 2023, proof of illimity's capacity to position itself as a leading operator in its market segments. We are very confident and can look ahead to a significant pipeline of operations throughout 2024.”

Enrico Fagioli

Head of Growth Credit Division

2.037 mln
million euros in net loans to customers
891 mln
euros in Crossover and Acquisition Finance
665 mln
euros in Turnaround
481 mln
euros in Factoring
Figures at 31/12/2022
2,524 million
euros in net loans to customers
973 mln
euros in Crossover and Acquisition Finance
860 mln
euros in Turnaround
586 mln
euros in Factoring
Figures at 31/12/2023
Our stories
TREND
2.037 mln
million euros in net loans to customers
891 mln
euros in Crossover and Acquisition Finance
665 mln
euros in Turnaround
481 mln
euros in Factoring
Figures at 31/12/2022
2,524 million
euros in net loans to customers
973 mln
euros in Crossover and Acquisition Finance
860 mln
euros in Turnaround
586 mln
euros in Factoring
Figures at 31/12/2023
Investment Banking
“Despite the complex macroeconomic scenario, in 2023 the Division recorded a profit before taxes of more than EUR 9 million, with a cost/income ratio of 40%.”

Fabiano Lionetti

Head of Investment Banking

illimity NOVAS
The second Equity Conference promoted by illimity with the goal of favouring dialogue between the market and companies. The event was a good opportunity for companies to meet investors and engage in dialogue with institutional representatives about key issues related to the development of the capital market dedicated to small and medium-sized enterprises (Euronext Growth Market). During illimity NOVAS, 11 corporate customers were able to meet, in person, the most important Italian and foreign fund managers specialising in MicroCaps.

b-ilty
“b-ilty, the illimity group’s lendtech platform for small corporates, has one mission: to serve small and medium-sized enterprises. These companies are the most exposed to the current credit squeeze and risk having to give up on their plans to invest in growth, innovation and security. b-ilty wants to be the specialist operator that gives credit to the future of our businesses.”

Fabio Bianchini

Head of b-ilty

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Development projects
During 2023 b-ilty strengthened its presence in both physical and virtual territory by promoting and participating in several initiatives that established its reputation as the 100% digital banking platform that helps businesses to grow.

Distressed Credit
“I imagine a future of extreme specialisation for the nonperforming loans market. There will be fewer operators focused on large portfolios; instead, operators will concentrate much more on specific segments. The division will specialise in energy and real estate and will increasingly assume the role of an operator that can restructure positions, including through new finance. The bank’s aim will be to manage positions to the best of its ability, thereby turning around as many companies as possible.”

Andrea Clamer

Head of Distressed Credit

1.490 mln
euros in loans to customers and investments
1.02 mln
euros in investments
469 mln
euros in senior financing
12.6 bln
euros in assets and loans managed (as at 31/1/2022)
Figures at 31/12/2022
999 mln
euros in loans to customers and investments
237 mln
euros of new investments in 2023
233 mln
euros of new senior financing disbursements in 2023
10,7 bln
euros of assets under management for ARECneprix
Figures at 31/12/2023
BELIEVE – GIVING ENERGY TO THE FUTURE
In June, the second edition of Believe – Giving Energy To The Future took place, an event within the format devised by illimity to promote dialogue among banking, finance, and enterprise. Through this event, illimity aimed to emphasize a current and relevant theme for the economic development of the country, one in which companies play a leading role: energy transition and new models of sustainable growth.

1.490 mln
euros in loans to customers and investments
1.02 mln
euros in investments
469 mln
euros in senior financing
12.6 bln
euros in assets and loans managed (as at 31/1/2022)
Figures at 31/12/2022
999 mln
euros in loans to customers and investments
237 mln
euros of new investments in 2023
233 mln
euros of new senior financing disbursements in 2023
10,7 bln
euros of assets under management for ARECneprix
Figures at 31/12/2023
ARECneprix
“One year on from the ARECneprix merger, the results have exceeded our expectations: EBITDA of EUR 16 million, EUR 10.7 billion of assets under management, and third-party mandates accounting for 68%. All this was possible thanks to a team of highly qualified professionals who work together in synergy. We are now a total asset management company that can identify solutions to complex situations that generate value for all parties involved, thanks to a unique and distinctive business model based on professionalism, specialization and technology.”

Andrea Battisti

CEO of ARECneprix

ARECneprix’s areas of specialisation are:
- Real Estate
- Asset Management
- Special servicing
- Structuring and financing

Abilio
“Abilio is the illimity Group company that specializes in the digital brokerage of property and capital goods from the judicial domain, leasing companies and voluntary sales. In 2023 Abilio expanded the Quimmo project by establishing Quimmo agency, the first Italian agency to specialise in the property market as a whole, and Quimmo Prestige agency, the go-to for purchases, sales and leases of luxury real estate in Milan. These new entities represent important steps that illustrate the network's desire to also position itself on the full-ownership market.”

Renato Ciccarelli

CEO of Abilio

Quimmo
the prop-tech platform that meets the needs of both private and institutional buyers and sellers.
Quimmo Prestige agency
the go-to for luxury real estate in Milan, which was created in early June 2023 out of the strategic partnership in real estate brokerage between COIMA and Abilio.
Quimmo agency
the first Italian agency to specialise in the property market as a whole, managing all types of assets in the residential and non-residential segments on the open and judicial markets.

illimity SGR
The SGR was set up with the aim of operating and developing activities in the strategic areas indicated by its parent company illimity Bank S.p.A. and the banking group of which the latter is the parent, and is a professional operator for establishing, administering, managing, organising, promoting and selling closed-end reserved alternative collective investment undertakings (“AIFs”), established with both own funds and funds from third-party institutional investors.

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Our commitment

At illimity, ESG issues are key to delivering projects that bring real value to society.

fondazione-illimity-mobile

fondazione illimity

Generating value means being useful: we give back value to real estate assets to create new spaces for inclusion, cohesion and shared well-being.

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Sustainability Highlights

We are a "Sustainable Native Company", since the day we were created we have started a path of integrating sustainability into the Group’s strategies, processes and governance.

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Corporate Center

The Corporate Center provides cross-sector support for all Business activities, from the IT architecture through to control systems, finance, HR management, communications and sustainability.

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illimity stages

1 January 2023

ARECneprix, an asset management and structuring company, is created, through the merger of AREC into neprix

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18 April 2023

illimity enters into a long-term industrial partnership with the Engineering Group to market and further develop the Bank’s IT platform

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27 April 2023

illimity SGR has started the operations of the new “illimity Selective Credit” Fund

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2 May 2023

COIMA invests in Abilio

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2 October 2023

fondazione illimity inaugurates Barrio21

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27 October 2023

ARECneprix and Finint Investments announce the launch of a new real estate contribution fund called Olympus Fund

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15 December 2023

illimity endorses the Principles for Responsible Banking of the UNEP FI

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12 January 2018

SPAX, the first Italian entrepreneurial SPAC, is launched

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12 April 2018

Announcement of the Business Combination of SPAXS and Banca Interprovinciale

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8 August 2018

The Shareholders' Meeting approves the Business Combination, illimity is born

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17 December 2018

Inauguration of illimity's innovative new company offices, with smart spaces, in Palazzo Aporti in Milan

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5 March 2019

On 5 March, illimity Bank S.p.A. is born, with its listing on the Italian Stock Exchange's MTA market

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5 April 2019

Presentation by illimity of neprix, specialising in servicing distressed corporate credits

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24 June 2019

illimity signs an agreement to purchase IT Auction

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12 September 2019

The digital direct bank illimitybank.com kicks off

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22 February 2020

Birth of illimity SGR to create and manage alternative investment funds

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27 May 2020

illimity acquires 100% of IT Auction

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10 September 2020

illimity lists in the STAR segment of the Italian Stock Exchange

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22 September 2020

Agreement signed with Fabrick (Sella Group) for HYPE, a fintech joint venture

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27 November 2020

illimity and neprix rated by FITCH

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3 December 2020

illimity successfully completes its first bond issuance

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10 March 2021

illimity obtains the Nomad qualification on AIM Italy market

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1 April 2021

illimity SGR completes the first closing of "Credit & Corporate Turnaround"

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28 April 2021

illimity presents the First Non-Financial Statement on a Voluntary basis

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14 May 2021

illimity achieves Carbon Neutrality

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15 June 2021

fondazione illimity is born

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22 June 2021

illimity approves the 2021-25 Strategic Plan

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28 June 2021

illimity, in the role of Nomad, accompanies its first SME to the stock exchange listing

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30 June 2021

illimity concludes the placement of its first subordinated tier 2 bond

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24 November 2021

My Sport e Salute, the sports app developed with illimity technologies and services, is born

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25 November 2021

“Basket Bond - Sustainable Energy" is born with illimity acting as Arranger

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3 December 2021

illimity joins the UN Global Compact

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28 December 2021

illimity SGR completes the second closing of "Credit & Corporate Turnaround"

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11 February 2022

b-ilty, the first Digital Business Store of financial services and credit for SMEs, is born

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5 April 2022

Quimmo, the platform responding to the needs of real-estate buyers and sellers, is born

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11 May 2022

illimity reaches an agreement to purchase AREC

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20 June 2022

illimity receives an upgrade of its ESG ratings: MSCI and Standard Ethics

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13 September 2022

iREC, illimity SGR's second fund, is launched

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11 October 2022

Sustainalytics certifies illimity's ESG Risk Rating at Low Risk level

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11 October 2022

illimity ranks 58th in World's Most Socially Responsible Banks chart

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12 October 2022

fondazione illimity presents Albergo Etico Cesenatico

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17 October 2022

fondazione illimity presents (RE)GENERATION CAMP

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30 November 2022

illimity launches a liability management operation

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7 December 2022

Second senior bond issue successfully completed

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2018
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2020
2021
2022
2023

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Do you want to know who works behind these results?

Together with the illimiters, you can help develop something new and innovative. You can make your voice heard without fear of questioning what has already been said.

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Marketing, Commercial Communication & Design