M&A Will Be Focused on Selected Businesses, Says Illimity CEO

Corrado Passera, the chief executive and founder of Illimite, discusses the bank's strategic plans, partnerships, and the future of the Italian banking sector. He highlights the importance of technology and innovation in banking, the potential for mergers and acquisitions, and the challenges posed by cryptocurrencies. Passera also addresses the health of the Italian banking system and the need for restructuring to support SMEs. The conversation touches on the future of Monte Passkey and the role of digital currencies in the economy.

What is the expected net profit for Illimite this year?

• 70 to 80 million euros

• 50 to 60 million euros

• 60 to 70 million euros

• 80 to 90 million euros

What is the main competitive advantage Illimite is focusing on?

• Branch expansion

• Customer service

• Technology

• Interest rates

What was the unexpected issue during the interview?

• The video feed froze

• Corrado's microphone stopped working

• The camera battery died

• The interviewer lost connection

What is Corrado's stance on cryptocurrencies as a means of payment?

• He supports them without any conditions

• He opposes them completely

• He believes they should replace traditional currencies

• He supports them if they are energy-efficient and compliant

What is Corrado's view on stable coins?

• He believes they are the future of money

• He sees them as a threat to monetary sovereignty

• He thinks they are a good investment

• He has no opinion on them

What is the anticipated growth area for Illimite in the coming years?

• Real estate investments

• Lending to SMEs

• Retail banking

• Cryptocurrency trading

What is Corrado's opinion on the digital euro?

• He thinks it should replace the physical euro

• He believes it will fail

• He supports it as a separate topic

• He is against it