“Dear shareholders,

2010 was an important and busy year, in many ways worrying but full of extraordinary opportunities, a year which saw a significant share capital increase subscribed by all shareholders to support the Bank’s growth programs. The resources obtained have been used to enhance equity and allow us to plan calmly for the future.”

Extract from the Chairman’s letter to shareholders




Corporate Bodies

Chairman’s Letter

Profile of Banca IFIS


Group Historical Data

Results and Strategy

Comment by the CEO

2010 Highlights

Directors’ report

Group Key Data

Main risks and uncertainties

Banca IFIS Shares

Significant Events Occurred During the Year

Significant Subsequent Events


Other Information

Consolidated Financial Statements

Consolidated Statement of Financial Position

Consolidated Income Statement

Consolidated Statement of Comprehensive Income

Statement of Changes in Consolidated Equity

Consolidated Statement Cash Flows

Notes to the Consolidated Financial Statements

Part A – Accounting policies

Part B – Consolidated statement of financial position

Part C – Consolidated income statement

Part D – Consolidated statement of comprehensive income

Part E – Information on risks and risk management policies

Part F – Consolidated share capital

Part G – Business combinations

Part H – Related party transactions

Part I – Share-based payments

Part J - Segment reporting

Corporate Governance

Governance Structure


Issuer Profile

Information on Shareholding Structure


Board of Directors

Handling of Corporate Information

Board Committee

Appointment Committee

Remuneration Committee

Directors Remuneration

Internal Audit Committee

Internal Audit System

Directors’ Interests and Related-Party Transactions

Statutory Auditors Appointment

Statutory Auditors

Relations with Shareholders

Shareholders’ Meetings

Further Corporate Governance Practices

Changes Occurred After the end of the Year



Statement of the Officer in Charge

Independent Auditors’ Report

Statutory Auditors' Report