InvestorNewsBreaks – illimity Announces Robust Results, Best-Ever Quarterly Net Profit for Q1 2021

May 11, 2021 10:54:23

illimity Bank S.p.A. (“illimity” or the “Bank”) has announced that its board of directors, chaired by Rosalba Casiraghi, yesterday approved illimity’s results as of March 31, 2021. According to the update, illimity achieved robust results in the quarter ended March 31, 2021, continuing the positive performance in 2020 and posting a net profit of 12.6 million euro, its best quarterly result ever and a figure almost three times higher than that achieved in the first quarter of 2020 (4.5 million euro) and about twice the amount reported in the previous quarter (6.8 million euro). “We are very satisfied about the start of 2021. The growth of our lending activity, the quality of our portfolios, the scale effect that is now emerging in various areas of our business and the resulting economic performance all confirm the choices we have made so far,” said illimity CEO Corrado Passera. “In recent months, very promising activities have been launched in Open Banking (‘HYPE’) and asset management (‘illimity SGR’). A number of strategic developments not initially foreseen are also emerging and will be presented on June 22 with the update of our strategic plan.”

To view the full press release, visit

About illimity Bank S.p.A.

illimity is the high-tech banking group founded and led by Corrado Passera. A bank born without constraints: without the limits of the traditional system but with the solidity and seriousness of the best experiences. illimity provides credit to high-potential companies. For more information, visit

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office

InvestorWire is part of the InvestorBrandNetwork.