Taking into account the activity carried out and the results achieved by the Group, the Group financial position corresponds to its needs. Indeed, the Group financial policy is aimed at favouring funding stability and diversification rather than the immediate operating needs. The main risks and uncertainties deriving from the present conditions of financial markets do not represent a particular problem for the Group’s financial balance and, in any case, they are not likely to threaten business continuity.

Reference should be made to section E of the Consolidated Notes for further information on Banca IFIS Group’s risks.