Source: illimity
illimity, Italy’s digital bank founded by Corrado Passera, former CEO of Intesa Sanpaolo and government minister of industry, is pleased to announce a net profit of €12.6 million for Q1 2021- a 180% increase compared to Q1 2020 and +86% over Q4 2020.
The results indicate illimity is on course for a significant growth trajectory in expected profit for 2021 and the company’s strategy for 2021-2025 will be announced on the 22nd June.
Corrado Passera, illimity’s CEO, commented: “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. 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 22 June with the update of our Strategic Plan.”.