Banca IFIS S.p.A. (BIT:IF) agreed to acquire REVALEA S.P.A. from Compass Banca S.p.A. for ?100 million on May 22, 2023. Once the transaction has been completed, Revalea?s 22 professionals will bolster Banca Ifis?s team. The binding offer for REVALEA has a strong strategic rationale for Banca Ifis, achieving the NPL purchase targets of the 2022-24 business plan, 1Y in advance at an attractive IRR, allowing for rigorous selective going forward. The closing of the transaction is subject only to the necessary regulatory authorizations and is expected by the end of 4Q 2023. The impact of the transaction is estimated ca . 40 bps in terms of CET 1 relative to the Business Plan.

Banca IFIS S.p.A. (BIT:IF) completed the acquisition of Revalea S.p.A. from Compass Banca S.p.A. on October 31, 2023.