Q3 2019 Banca IFIS SpA Earnings Call Transcript

Nov 07, 2019 / 04:00PM GMT
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS First Quarter 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Luciano Colombini, CEO of Banca IFIS. Please go ahead, sir.

Luciano Colombini - Banca IFIS S.p.A. - CEO, MD & Director

Thank you very much. Welcome, everybody. Today, the Board of Directors has approved the third quarter results.

Before going to the results, I would like to update you on the main management initiatives. We are working on industrial plan to be presented in mid-January which will be focused on 3 main pillars: becoming the reference partner for SMEs with a dedicated service model and a full range of products; second, preserving leadership in unsecured NPLs, broadening the servicing and purchasing skills to other NPL classes while maintaining control of IFIS NPL and FBS, now fully owned; third, further capital strengthening and maintaining strong liquidity position.

We will

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