Illimity

Illimity Bank S.p.A. is an Italian digital banking group created in 2018 through the SPAXS vehicle and the acquisition of Banca Interprovinciale, operating with a full banking license and headquartered in Milan; it is listed on Euronext STAR Milan under the ticker ILTY. The group works across three main areas: direct retail banking under the illimitybank brand (online current accounts, payment services, debit cards, savings and time deposits, and app‑based money management), SME credit (including lending, factoring and structured finance, served in part via the “b‑ilty” digital platform for businesses), and distressed credit (investment and servicing activities focused on unlikely‑to‑pay and non‑performing exposures). The retail proposition is branchless, with onboarding completed digitally, support provided through remote channels, and payment integrations such as SEPA transfers and major mobile wallets; availability is primarily for residents of Italy with a valid tax code. Deposits are covered by the Italian deposit guarantee scheme (Fondo Interbancario di Tutela dei Depositi) up to €100,000 per depositor per bank, and the bank applies common security controls such as strong customer authentication and 3‑D Secure for card payments. Illimity publishes quarterly and annual financial statements and has reported sustained profitability since 2021, with capital ratios stated as above regulatory minimums in recent disclosures; as with other listed banks, its results and guidance are subject to market and regulatory conditions. Customers considering the service should review current pricing, interest rates, and eligibility directly on illimity’s official channels, as product features and terms are updated periodically.