Banca Ifis Sells Illimity Assets to Coima, Servizilegali.net

Banca Ifis is continuing its strategic divestment of assets acquired from illimity, further streamlining its portfolio. In recent transactions, the bank has offloaded Abilio, a real estate asset commercialization specialist, to Servizilegali.net, a firm focused on judicial sales management. Concurrently, Quimmo and its subsidiary Quimmo Prestige Agency, both involved in real estate services, have been acquired by Coima, a prominent player in the Italian real estate investment and management sector.

These moves signify Banca Ifis's ongoing efforts to integrate the former illimity operations and optimize its business lines following its acquisition of the challenger bank. The sale of Abilio to Servizilegali.net, based in Perugia, marks a significant step in divesting non-core real estate activities. Servizilegali.net's expertise in managing judicial sales is expected to provide a strong platform for Abilio's future growth and operational efficiency within the distressed real estate market.

The transaction involving Quimmo and Quimmo Prestige Agency sees these entities transition to Coima, a group known for its substantial presence in Italian real estate. This acquisition by Coima is likely to bolster its service offerings and market reach, particularly in areas related to property management and sales. The deal follows a recapitalization of Quimmo, which had reported a pre-tax loss of €6.2 million in 2025, indicating a strategic move to stabilize the business before its transfer.

These divestitures are part of a broader trend in the Italian financial sector, where banks are actively managing their asset portfolios to enhance capital efficiency and focus on core banking operations. The Italian NPL (Non-Performing Loan) market, while showing signs of stabilization, continues to influence strategic decisions, pushing institutions to shed non-performing or non-strategic assets. The real estate services sector, in particular, has seen significant consolidation and strategic repositioning.

The sale of Hype, a fintech liquidity management platform, to Banca Sella in November 2025 was a precursor to these recent transactions. Banca Ifis's acquisition of illimity, a challenger bank launched by Corrado Passera, has necessitated a period of integration and portfolio rationalization. The completion of the full absorption of illimity into Banca Ifis is anticipated by the end of 2026.

The Italian financial services market is dynamic, with ongoing M&A activity and strategic realignments. Companies like Banca Ifis are navigating this environment by making decisive moves to optimize their structure and enhance profitability. The divestment of these illimity-related assets allows Banca Ifis to concentrate on its core competencies while ensuring that the divested entities find strategic homes where they can thrive and contribute to their new owners' growth objectives.