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RSS FeedsPress release Investor Presentation
(WorldNews Italy)

 
 

20 july 2018 10:25:22

 
Press release Investor Presentation
(WorldNews Italy)
 


SPAXS PRESENTS THE STRATEGIC PLAN 2018-2023 OF THE NEW PARADIGM BANK TO BE CREATED FROM THE BUSINESS COMBINATION WITH BANCA INTERPROVINCIALE SPAXS presents a new specialised, zero-legacy, fully-digital bank with an innovative business model and a clear focus on attractive, underserved Italian SMEs markets The strategic plan targets by 2023: EUR7 billion total assets Net profit of ~ EUR300 million, hitting satisfactory profitability of EUR40-50 million by 2020 ROE around 25% Cost Income Ratio Common Equity Tier 1 ratio comfortably above 15% over the plan period Milan, 20 July, 2018 - SPAXS today unveils the strategic plan for 2018 - 2023 of the new bank that will specialise in...


 
7 viewsCategory: General > Europe > Italy
 
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