The Board of Administration of Intesa Mediofactoring, the factoring company of Intesa group, analysed and approved the project of balance sheet showing a net profit at the end of 2004 of Ђ48.2m (up70.85% compared to 2003).
During 2004, the company was more involved in improvement of the quality of portfolio and development of those activities orientated to services. As a result of this policy, the company managed to increase the margin, even though the turnover has decreased with 15.87%, amounting Ђ26,119m.
Source: AGI
