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Illimity closes 2023 with the best net profit ever at 104.4 million euros, up 39% compared to the previous year. Revenues stood at 359 million euros, an increase of 11% compared to 2022. The interest margin rose to 192.5 million (+19%) and net commissions amounted to 76.7 million (+25% ). Strong growth in the corporate & investment banking sector, both in terms of profits (+47%) and loans (+24%). The bank’s assets amount to 7.3 billion (+14%). Net loans to customers and investments stood at 4.1 billion, up by 8%. The phased-in Cet1 Ratio capital ratio in December 2023 stands at 14.7%, well above the new minimum SREP 2024 requirement (9.6%). In the fourth quarter, net profit rose to 29.4 million (+29%).
«The 2023 results mark five years since the birth of illimity, during which the Bank has never stopped growing despite the many black swans of recent years», states Corrado Passera, CEO and founder of Illymity. «Our assets – he adds – have reached 7.3 billion euros starting from a few hundred million at the beginning of 2019. In light of the strategic developments and a profoundly changed macroeconomic framework compared to what was hypothesized in the 2021-2025 Plan, during 2024 we expect to develop a new plan which will also lead to an update of the 2025 targets”.