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Q3 2022 Banca IFIS SpA Earnings Call Transcript
This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS Third Quarter 2021 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Frederik Geertman, CEO of the bank. Please go ahead, sir.
Thank you, and good afternoon, everybody. Welcome to our call. I will, as I always briefly present the results. We have a couple of slides, and then we will take your questions if you have them. Page 4, the synthesis. We had a good quarter. Net income in the third quarter is EUR 33 million. That's a 4% increase year-on-year. Even though last year, we had TRY 10 million benefit that was booked in the third quarter of 2021. Over the 9 months, we booked EUR 105.5 million profit, which is plus 32% year-on-year, which is a record for the bank. We have revenues in the quarter of EUR 165 million, driven mostly by the core business that's delivering on both sides, commercial banking and NPLs.
9 months
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