Bff Bank Spa (Italy) - Bank Profile

Address

VIA DOMENICHINO, 5, 20149, MILANO, Italy

BIC

CIPBITMMXXX

Overview

Business Focus

credit management and factoring

Banca Farmafactoring (BFF Bank) is an Italian bank, established in 1985 by a group of pharmaceutical companies and biomedical equipment manufacturers in order to consolidate complex activities of credit management in the industry into a single point of contact. BFF Bank is now specialized in management and factoring of trade receivables due from public administrations, securities services, banking and corporate payments.

Deposit Protection

Deposits up to 100,000 EUR are covered by Italian deposit guarantee scheme in Bff Bank Spa.

Services

credit management

factoring

retail banking

Area Served

Italy

Germany

Products

savings accounts

time deposit accounts (2.00 - 3.25 %)

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Credit Ratings

Fitch: -

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: Baa2

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

Bff Bank Spa is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Interbank Deposit Protection Fund (FITD)

Covered Accounts

current accounts
cash accounts
time deposits

Eligible Depositors

natural persons
legal entities

Bff Bank Spa protects deposits up to up to 100,000 EUR per depositor through Italy's deposit guarantee scheme. The scheme applies to current accounts, cash accounts, time deposits made by natural persons, legal entities. The bank participates in the Interbank Deposit Protection Fund (FITD), making regular contributions into it.