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.

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