Nov 04, 2021 / 03:00PM GMT
Operator
Good afternoon. 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 Frederik Geertman, CEO. Please go ahead, sir.
Frederik Herman Geertman - Banca IFIS S.p.A. - CEO & Director
Good afternoon, everybody. Welcome to our third quarter results conference call. I'm here with Martino Da Rio, as usual, to illustrate the results. We are presenting a quarter that confirms the positive trend of the first 2 quarters. Results have developed better than expected as we have benefited from a nice macroeconomic recovery.
We have a net income in the third quarter of EUR 32 million, leading to EUR 80 million in the first 9 months of this year. We booked revenues in the quarter of EUR 157 million, which is the highest of the last 6 quarters, excluding PPA, EUR 151 million. We have very good NPL cash collections of EUR 82 million, which are up significantly also against 2019, not only against 2020. And
Q3 2021 Banca IFIS SpA Earnings Call Transcript
Feb 29, 2024
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