Banca IFIS: Three-year business plan
Milan, 14 January 2020 The Board of Directors of Banca IFIS met under the chairmanship of Ernesto Frstenberg Fassio and approved the 2020/2022 Strategic Plan.
- Milan, 14 January 2020 The Board of Directors of Banca IFIS met under the chairmanship of Ernesto Frstenberg Fassio and approved the 2020/2022 Strategic Plan.
- Today we are presenting a business plan in line with the Bank's core businesses.
- The main goal of the business plan is to increase the Bank's sustainable profit in order to further improve financial solidity, fund growth in business and provide shareholders with attractive returns by distributing dividends.
- The Business Plan calls for a reduction in the cost/income ratio from 56% in 2019 to 52% in 2022, to be achieved in part through containment of operating costs.