MILAN, March 16 Banca IFIS, an Italian
lender specialising in bad loan management, said on Thursday it
expected newly acquired Interbanca to reach break-even this
The Venice-based bank bought the financial unit of GE
Capital last year to expand its business in the company
financing, leasing and factoring sectors.
In its 2017-2019 business plan, Banca IFIS said it expected
the group's net profit to grow annually at an average rate of
40-45 percent, up from the 90 million euros posted in 2016.
The bank sees return on equity to exceed 15 percent in 2019,
while earning per share is expected above 4.5 euros.
(Reporting by Francesca Landini, editing by Giulia Segreti)