«I’ve no inkling of hostile takeovers, however in these circumstances it could be regular to be among the many final to know. Instead, I affirm that there are monetary traders serious about rising the capital of Bff. This is suggestions that I’ve collected throughout these roadshow days. Everything might be linked to our capacity to carry out effectively within the subsequent two quarters to reassure the market.” Freshly appointed as CEO of Bff Bank, Giuseppe Sica does not appear frightened by the difficulties of the stock on Piazza Affari (-60% since the farewell of the former CEO) and is working on a new phase for the institution, which has recently navigated in troubled waters, from cutting targets to missing coupons.
The stability, he explains in an interview with Radiocor, is visible in the numbers: «If you look at our liquidity ratios at the end of 2025, I believe that few banks have such high levels. The collection is certainly under control”, assures the CEO, explaining that the institute is just not recording any outflows.
The first stage of the brand new course for him was the tour amongst worldwide traders, from London to New York, passing by way of Paris, «the place I discovered an especially excessive stage of curiosity. Regardless of the efficiency of the inventory, virtually 80% of the capital has been traded because the starting of February. Several traders are shopping for, now we have to consolidate this curiosity within the coming quarters with strong outcomes.” These are not industrial entities, he specifies, but “numerous funds which have already elevated their share”.
The watchword in this phase appears to be prudence, also in terms of objectives: «My approach has been to take a more conservative attitude than in the past but I expect to be able to exceed expectations, considering the real prospects of the business. We had an adjusted net profit target for 2026 of 240 million, we revised it to 160 million, a very important revision that reflects my expectation of profitability for the future.” However, the purpose is to beat the steerage: “I would like to do better.”
Meanwhile, the primary quarter of the yr, though underway, “is going better than the market perceives”. On the derisking entrance, the supervisor doesn’t rule out securitisations (“which can free up capital”), nor a return to the coupon as early as 2026: “That is the expectation, if we do the right things. My trajectory is to do well for the next few quarters and then have the right foundations to prepare the new industrial plan.” In quick, confidence within the dividend? “This is my plan.” Sica underlines that along with factoring, Bff additionally has custodian financial institution and fee providers actions and «they’re two companies with zero threat that generate liquidity. We have three very robust legs, we have to perceive what the right combination might be.” As for possible acquisitions, «I don’t think we will do anything in the short term. M&A is something that makes sense, but you have to do it when there is the right opportunity, with patience.”
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