Banca IFIS takes part to the last ECB’s TLTRO for 700 million euro

SDIR: AVVI16

Inside information

Finance

Mestre (Venice), 21 March 2017 – Today Banca IFIS Group announces the participation to the TLTRO auction, ECB’s last monetary policy action, for 700 million euro.

Considering the expected development of Banca IFIS’s loans to customers, the Bank believes that the cost of TLTRO will be negative (-0,40%) for the duration of 4 years.

The TLTRO partecipation aims to diversify the funding sources decreasing the c

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