BFF Banking Group
| Public | |
| Traded as | BIT: BFF |
| ISIN | 🆔 |
| Founded 📆 | 1985 in Milan, Italy |
| Founder 👔 | |
| Headquarters 🏙️ | , Milan |
Area served 🗺️ | |
Key people | |
| € 206.2 mln[1] (2020) | |
| € 97.6 mln[1] (2020) | |
| Total assets | € 6,051.31 mln[1] (2020) |
| Total equity | € 462.58 mln[1] (2020) |
| Members | |
Number of employees | 535[1] (2020) |
| 🌐 Website | bff |
| 📇 Address | |
| 📞 telephone | |
BFF Banking Group is a bank, founded in Italy in 1985. It operates in 9 European countries: Italy, Croatia, Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain.[2][3][4]
The Group is listed on the Italian Stock Exchange,[5][6] regulated by the Bank of Italy and by Consob.[7]
History[edit]
BFF was founded in 1985 by a group of pharmaceutical companies to manage and collect public entities’ receivables.[3][8]
In 2010, BFF entered the Spanish market.[9][10]
BFF went on to receive its banking license in 2013, and it began cross-border activities in Portugal in 2014.[11][12]
In 2016, the Group acquired Magellan, a Polish company.[5][13] The following year, BFF was listed on the Italian Bourse.[5] By 2018, BFF was active in Italy, Spain, Portugal, Poland, Czech Republic, Slovakia, Greece and Croatia.[5][9][14][15][16]
BFF acquired IOS Finance in Spain from Deutsche Bank, in 2019.[17][18] That same year it opened a new branch in Poland[19] and started to operate in France.[20]
In 2020, BFF signed a binding agreement with Equinova UK HoldCo Limited for the acquisition of DEPObank (Banca Depositaria Italiana S.p.A.), an Italian player in the securities services and banking payments' sectors,[21][22] originally known as ICBPI, then renamed under this brand at the time of the creation of Nexi.[23][24] It also opened a new branch in Greece.[25][26]
In March 2021, BFF finalized the acquisition and subsequent merger by incorporation of DEPObank, thus becoming the largest specialty finance player in Italy.[4][27][28]
Business[edit]
BFF is active in specialty finance niches:[2][5][11]
- Non-recourse factoring and credit management for suppliers of the Public Administrations, plus lending to Local Governments and National Health Authorities in Central and Eastern Europe[3][29][30]
- Securities Services for asset managers and banks (mutual funds, pension funds, alternative investment funds).[29] Starting November 2021 it also signed an agreement with Goldman Sachs International to offer the Transition Management Service to pension funds[31]
- Payments services for banks, PSP and corporates[3][29]
Board of Directors[edit]
The list of BFF Board of Directors:[32]
| Position | Name |
|---|---|
| Chairman | Salvatore Messina |
| Vice Chairman | Federico Fornari Luswergh |
| CEO | Massimiliano Belingheri |
| Director | Amélie Scaramozzino |
| Director | Michaela Aumann |
| Director | Piotr Enryk Stępniak |
| Director | Domenico Gammaldi |
| Director | Barbara Poggiali |
| Director | Giovanna Villa |
[edit]
BFF shareholders as of 30 June 2021:[32]
| Shareholder | Stake % |
|---|---|
| Equinova UK HoldCo Limited | 7.58% |
| Management | 5.64% |
| Free Float | 86.77% |
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Annual Report". Retrieved 25 June 2021.
- ↑ 2.0 2.1 "Reuters - BFF Bank SpA". Retrieved 24 June 2021.
- ↑ 3.0 3.1 3.2 3.3 "Bff studia già altri acquisti" (in Italian). Retrieved 19 January 2022.CS1 maint: Unrecognized language (link)
- ↑ 4.0 4.1 "Come ha fatto l'italiana BFF (senza aumenti di capitale) a diventare una multinazionale tascabile del credito" (in Italian). Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ 5.0 5.1 5.2 5.3 5.4 "BFF Banking Group punta a Piazza Affari per confermare la tradizione di crescita in ogni scenario di mercato" (in Italian). 27 March 2017. Retrieved 24 June 2021.CS1 maint: Unrecognized language (link)
- ↑ Dell'Olio, Luigi (16 May 2022). "Piccole ma in forte crescita la carica delle banche challenger". la Repubblica Affari&Finanza (in Italian).CS1 maint: Unrecognized language (link)
- ↑ "Banca Farmafactoring presenta domanda di ammissione a quotazione su Mta". Reuters (in Italian). 6 March 2017. Retrieved 24 June 2021.CS1 maint: Unrecognized language (link)
- ↑ "Borsa Italiana dà il benvenuto a BFF Banking Group" (in Italian). Retrieved 24 June 2021.CS1 maint: Unrecognized language (link)
- ↑ 9.0 9.1 "BFF Banking Group: una nueva identidad, el mismo espíritu". 21 May 2018. Retrieved 24 June 2021.
- ↑ "Tesoro: "Pagamos menos con un 120% de deuda hoy que con el 70% de 2011"" (in Spanish). Retrieved 17 December 2021.CS1 maint: Unrecognized language (link)
- ↑ 11.0 11.1 "Higher Italy risks helping BFF Banking Group's business - CEO". Reuters. 31 October 2018. Retrieved 24 June 2021.
- ↑ "Grupo bancário BFF quer comprar créditos de empresas sobre autarquias". 11 August 2019. Retrieved 24 June 2021.
- ↑ "Włosi mają spory apetyt na polskie lokaty" (in Polish). Retrieved 17 December 2021.CS1 maint: Unrecognized language (link)
- ↑ "BFF Banking Group instala su nueva sede de Madrid en Castellana 81" (in Spanish). Retrieved 24 June 2021.CS1 maint: Unrecognized language (link)
- ↑ "Banca Farmafactoring abre sucursal em Portugal" (in Portuguese). 11 October 2018. Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "The Banker's Top 250 EU Banks ranking: Is the capital recovery complete?". Retrieved 19 January 2022.
- ↑ "BFF Banking Group annuncia l'acquisizione di IOS Finance" (in Italian). Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "BFF Banking Group firma accordo per acquisto 100% di IOS Finance" (in Italian). Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "Brama Miasta z kolejnym najemcą. To duży gracz z sektora finansów" (in Polish). Retrieved 17 December 2021.CS1 maint: Unrecognized language (link)
- ↑ "Włosi mają ochotę na polskiego konsumenta. Wchodzi zupełnie nowy produkt bankowy" (in Polish). 19 September 2019. Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "BFF Banking Group e DEPObank creano un operatore indipendente di specialty finance" (in Italian). 13 May 2020. Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "BFF sigla accordo per rilevare il 76% di DEPObank dai fondi, che incasseranno cash e il 7,6% del nuovo gruppo" (in Italian). 14 May 2020. Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "Alla nuova DEPObank le attività bancarie di Nexi" (in Italian). 3 July 2018. Retrieved 23 December 2021.CS1 maint: Unrecognized language (link)
- ↑ "Nexi, l'interesse dei fondi sovrani: mossa prima dell'Ipo" (in Italian). 4 September 2018. Retrieved 23 December 2021.CS1 maint: Unrecognized language (link)
- ↑ "BFF Banking Group to open Athens branch". Retrieved 1 July 2021.
- ↑ "Tesoro:BFF Banking Group: Ο σημαντικός ρόλος του factoring στην αγορά". Retrieved 17 December 2021.
- ↑ "BFF: nuovo logo dopo fusione con Depobank" (in Italian). 4 March 2021. Retrieved 1 July 2021.CS1 maint: Unrecognized language (link)
- ↑ "Banca Farmafactoring approva la fusione con DEPOBank e diventa BFF Bank" (in Italian). Retrieved 19 January 2022.CS1 maint: Unrecognized language (link)
- ↑ 29.0 29.1 29.2 "Bff Banking Group integra Depobank: la sfida è sulle sinergie" (in Italian). Retrieved 19 January 2022.CS1 maint: Unrecognized language (link)
- ↑ Festa, Carlo (24 February 2022). "Bff Group e Davidson Kempner alle offerte finali su Banca Progetto". Il Sole 24 Ore (in Italian).CS1 maint: Unrecognized language (link)
- ↑ "Accordo tra BFF e Goldman Sachs per il servizio di transition management ai fondi pensione" (in Italian). 23 November 2021. Retrieved 23 December 2021.CS1 maint: Unrecognized language (link)
- ↑ 32.0 32.1 "Governance & Shareholders". Italian Bourse. Retrieved 13 July 2021.
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