Tagged: illimity

Italy: €200M Agreement between European Investment Bank (EIB), illimity to Support SMBs

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

Italy: Digital Bank Illimity Reports Results, Announces b-ilty – a Digital Financial Services Store

illimity, a digital bank operating in Italy, released its financial results for the full year ending December 31, 2021. According to the company, it achieved its 2021 profit guidance, posting a net profit of €65.6 million for 2021, more than double the figure for 2020… Read More

illimity’s Strategic Plan Focuses on Loans, Predicts €60+ Net Profit for 2021

illimity, the first digital bank in Italy that previously completed a SPAC deal, has distributed its strategic plan for the time period of 2021 to 2025. After reporting net income in 2020 of  €31 million following a net loss of €16.1 million in 2019, illimity… Read More

Italian Digital Bank illimity Reports €31 Million Net Profit for 2020

illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year… Read More

Italy’s First Digital Bank illimity Reports a Profit Driven by Robust Lending

Italy’s first digital bank, illimity, is reporting a pre-tax profit for the third quarter of €13.2 million (+31% over the previous quarter) and a net profit of €24 million in the first nine months of 2020. This compares to a loss of €18 million in… Read More

First Italian Digital Bank Illimity Offers New “Open Platform” with Illimity Hubs

Illimity, the first digital bank in Italy, is now offering a “illimity Hubs,” described as an innovative collaboration model in line with open banking and an open platform approach. lllimity is a banking start-up specializing in loans to SMEs. Illimity provides a digital direct banking… Read More

Italian Bank Startup Illimity Forms Partnership with Raisin

illimity, a banking start-up listed on Borsa Italiana’s MTA exchange, has formed a partnership with Raisin, Fintech marketplace for online savings and investments in Europe. illiminity is a “new generation Italian bank” formed by the merger between SPAXS and Inter-provincial Bank. It plans to reach… Read More

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