Q1 2021 Banca IFIS SpA Earnings Call Transcript

May 13, 2021 / NTS GMT
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS First Quarter 2021 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Frederik Geertman, CEO. Please go ahead, sir.

Frederik Herman Geertman - Banca IFIS S.p.A. - CEO & Director

Good afternoon, everybody, and thank you for joining the call. Welcome to our first quarter results conference.

Being new, I would start with a few very brief observations and then dive into the number. As you know, I joined the bank in February, and I'm very excited about the potential of the business. It's a unique organization with, as we will see, quite a resilient business model. It's active in profitable businesses, which IFIS has chosen. I found excellent know-how, good margins protected by competence, by innovation, and fortunately, a lack of historical legacies that afflict many other players. So as you can imagine, as we come out of this COVID phase, it's a good time to work on our 3-year

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