Banca Ifis closed the first quarter of 2021 with a net profit of 20.1 million euros and double-digit growth in revenues in its core businesses. This was announced by the institute in a note at the end of the board of directors, which approved the accounts as at 31 March. As for the dividend, it was set at € 0.47 per share, payable on May 26th. The capital position strengthened with Cet1 at 11.77% (+ 0.48% compared to 31 December 2020). Total intermediation margin was 137.7 million euros, up by 30% compared to the first quarter of 2020. In the first quarter, Banca Ifis continues, the cost of credit was 16 million euros including 8 million euro of additional provisions on performing loans as part of further prudence in relation to the Covid-19 scenario. The liquidity position is solid: around 1.2 billion euros as of March 31 between reserves and free assets that can be financed in the ECB (Lcr greater than 1,400%). Retail funding is stable at € 4.5 billion. The bank has reached an all-time high for cash recoveries on purchased NPL portfolios which amounted to € 81 million (+ 24%) and excellent performance of revenues in Commercial and Corporate Banking (+ 21%) compared to the same period of the previous year. In the face of an improving macroeconomic context, there are positive signs from customers: over a third have chosen to anticipate the resumption of payments on installments that benefited from the moratoriums.