Financial LossesIllimity announced a EUR 120M preliminary loss, but such write-offs are considered affordable for Banca IFIS, thanks to its strong capital base.
Net Interest IncomeThe NII declined by 14.5% qoq, penalised by weak NPL division and shrinking margins.
Operational CostsThe quarter included €5mn in costs related to the illimity acquisition, following €4mn booked in 1Q.