Consumer Banking

Compass Banca was a pioneering force in consumer credit in Italy; it is now the leading operator in a sector that is both profitable and features high barriers to entry. Compass Banca has deep knowledge and vast experience of this expanding market, allowing us to identify risks, select future products and find new growth opportunities.

With a market share of 12%, Compass Banca is one of the three leading operators on the Italian domestic market.
Compass Banca operates through branches across Italy and via numerous distribution agreements with other banks (with a combined total of more than 5,000 branches), as well as through post offices and new and used car dealerships.

Compass signed an agreement to acquire a 19.9% stake in leading Indonesian independent consumer credit operator BFI Finance. For Compass and MB the deal represents a significant value option. The domestic consumer credit business is now complemented by operations in Indonesia as a second market with great potential distinguished by its strong “growth”, high margins and low risk profile. BFI, leading independent player in consumer credit, is the ideal option for Compass to enter progressively in the Indonesian market due to its’outstanding profitability levels and growth rates. Twelve months since the agreement was signed, certain contractual formalities required in order to launch the local authorization process and receive clearance from the ECB, which are prerequisites to closing, are still pending; the deal is expected to close indicatively by March 2020. 

COMPASS BANCA IN NUMBERS

 

1951

Year established

2.4 bn

Clients

€13 bn

Lending

€7 bn

New loans

199

Branches in Italy (plus numerous distribution agreements)

 

Annual figures as at 30 June 2019

 

NEW LOANS BY PRODUCT

 

DISBURSEN
 
 
 


Annual figures as at 30 June 2019

WHAT COMPASS BANCA DOES


We formed Compass Banca to meet the financial needs of Italian households. Its main operations are in personal loans, salary-backed loans and asset finance (for cars and motorcycles, as well as consumer electronics, furniture and travel).
It also operates in payment services (credit cards) and home insurance.

Website: www.compass.it

Last update: 01/08/2019