MILAN (ITALPRESS) – “Year on year we are growing 30 percent, with great feedback from customers: all three product lines (secured financing, factoring and the purchase of VAT and IRES tax credits) are working. We want our distinguishing feature to be the speed of response we can give to the SME that requires credit.” This was stated by Iacopo De Francisco, Ceo of Banca CF+, interviewed by Claudio Brachino for the TV magazine Italpress Economy.Credito Fondiario, a bank that has 126 years of history, from 2022 “has changed its skin and chosen this new mission,” growing “operation after operation: in three years we have financed more than 3 billion euros on the 3 products, the assets will reach 2 billion. The bank has 200 people, one office in Milan and one in Rome, and a lot of digital presence. We want our distinguishing element to be the speed of response we can give to the SME that requires credit,” De Francisco explains. “A bank that specializes in giving credit needs capital to do so, as well as liquidity, because regulatory requirements demand it. We have the Elliot Fund as a shareholder, which supports us in this growth path. In particular, the capital increase of about 27 million with Elliot, which is now 90 percent of the bank’s shareholding, is aimed at supporting the growth path of our flagship product, the newest and most innovative one, which is Digital Lending. “This is “a technological platform” that, thanks to digital, “in three days allows us to give an answer on the disbursement. The latter in case of a positive outcome will come “in less than a month. We started with corporations, by the first quarter of 2025 we will go to sole proprietorships and partnerships. “In the future, thanks to artificial intelligence “we will have super analysts.” The key parameter for the decision “is the ability to repay the Debt Service Coverage Ratio (DSCR), then we look very much mainly at the past and the health of the company at this time, the ability to use the cash generated to pay the debt. “The only product that Bank CF+ offers to private customers “are online time deposits,” a solution “very flexible because the constraint is 32 days. It is not a current account on which there is transactionality, but it is a solution for investing one’s liquidity” that “is having great success in Italy and in other countries, such as the Netherlands and Spain.”
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(ITALPRESS).
