Illimity: Posts €19.1 million net profit for Q3

Illimity: Posts €19.1 million net profit for Q3

  • illimity is the new paradigm bank founded and led by Corrado Passera
  • Continues its growth path in the third quarter of 2022 as well, with a solid financial performance
  • Growth is expected to accelerate further in the fourth quarter of 2022, taking net profit for 2022
  • The expected results for the year include pre-tax losses of approximately 20 million euro
  • The positive trend seen in 2022 will accelerate in the current quarter
  • The three technological initiatives – b-ilty, Quimmo and Hype – have a combined effect of approximately 20 million euro
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Long-Term DEI Efforts Strengthen Business Outcomes

Exploring how diversity, equity, and inclusion impact corporate success.Highlights: Diversity, equity, and inclusion (DEI) enhance employee engagement.Companies with...

EBAday Fintech Zone Winners Strengthen Industry Presence

Insights into past winners and their ongoing impact on fintech.Highlights: EBAday 2023 showcased multiple fintech innovations.Winners are expanding...

Nubank Secures Conditional Approval for U.S. National Bank License

Brazilian fintech aims to expand services in the American market.Highlights: Nubank receives conditional approval for U.S. banking license.The...

Nationwide Strengthens Lead in UK Current Account Switching Table

Nationwide sees continued success in attracting new customers through account switching.Highlights: Nationwide tops the UK current account switching...