Italy · Credit institution
Bff Bank S.P.A
Legal name in the LEI recordBFF BANK S.P.A.
BFF Bank S.p.A. is an Italian joint-stock bank headquartered in Milan. It is the parent company of BFF Banking Group. Its shares are listed on Euronext Milan. The bank has no controlling shareholder. It buys and manages trade receivables owed by public administrations and national health systems on a non-recourse basis. It also provides securities services, including depositary banking, and payment services. The bank was founded in 1985 as Farmafactoring S.p.A. and has held a banking licence since 2013. On 5 March 2021 it absorbed DEPObank – Banca Depositaria Italiana and changed its name from Banca Farmafactoring S.p.A. to BFF Bank S.p.A.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers. It is on the ECB list of supervised entities (see Regulatory status): that is banking supervision, not a licence on a tracked register.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Less significant institution
- Supervisor
- Banca d’Italia (with ECB oversight)
- Listed as
- BFF Bank SpA
- Entity type
- Credit institution
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- BFF BANK SPA
- RIAD code
- IT0000464876170
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | BANCA D'ITALIA | 2021-03-05 | A2 A3 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- CIPBITMMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under CIPBITMM directly.
- Swift GPI
- Live member
- Payment schemes and systems
- SCT · SCT Inst · SDD Core · SDD B2B · VOP · T2 · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1986-02-17
- Last updated
- 2024-12-12
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker BFF
Institution type
Commercial bank
Trades as BFF Banking Group
- Standing
- The Bank of Italy appointed two temporary supporting commissioners to work alongside the board. They took office on 28 March 2026. The board of directors and board of statutory auditors keep their full powers. The commissioners were still in place in July 2026.
- Ownership
- The shares are listed on Euronext Milan and widely held. BNP Paribas group disclosed 3.64% in March 2026 and JPMorgan Chase 3.282% in May 2026.
- Stock listing
- Euronext Milan (Borsa Italiana) BFF
- Head office
- Viale Lodovico Scarampo, 15, 20148 Milan, Italy
- Company register
- ABI 05000 (Bank of Italy register of banks); VAT no. 07960110158
- Former names
- Banca Farmafactoring S.p.A. · Farmafactoring S.p.A.
Business lines
The bank has three business areas. These are factoring, lending and credit management for suppliers to public administrations, securities services, and payment services for banks, payment service providers and corporates.
Online
- Websites & references
- bff.com ↗
investor.bff.com ↗ investor relations
it.bff.com ↗ Italian country site - Official social accounts
- LinkedIn ↗
Sources · 14 pages consulted
- bff.com/en/contacts
- bff.com/en/Our-Management-Team
- investor.bff.com/it/struttura-di-governo
- investor.bff.com/it/comunicati-stampa
- bancaditalia.it/compiti/vigilanza/avvisi-pub/bff-bank-spa/index.html
- borsaitaliana.it/borsa/notizie/teleborsa/finanza/bff-bank-giuseppe-sica-nominato-nuovo-amministratore-dele
- borsaitaliana.it/borsa/notizie/teleborsa/finanza/bff-utile-semestrale-scende-a-514-milioni-di-euro-con-imp
- teleborsa.it/News/2026/07/14/bff-bank-riceve-il-rapporto-ispettivo-di-banca-d-italia-confermati-i-rili
- borsaitaliana.it/borsa/notizie/teleborsa/finanza/bff-bank-nel-primo-trimestre-in-forte-crescita-utili-e-ri
- milanofinanza.it/news/bff-commissari-di-bankitalia-affiancano-il-cda-dopo-i-rilievi-sulla-contabilizzazion
- assifact.it/fact-news/aggiornamenti-e-notizie/
- teleborsa.it/News/2021/03/05/banca-farmafactoring-diventa-bff-bank-dopo-fusione-con-depobank-147.html
- bebankers.it/bff-bank-bankitalia-nomina-commissari-e-il-titolo-crolla-in-borsa/
- soldionline.it/notizie/azioni-italia/bff-bank-risultati-finanziari-primo-semestre-2026
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Giuseppe Sica CEO and General Manager
- Chair
- Ranieri De Marchis Chairman of the Board of Directors (Presidente)
- Chief financial officer
- Luigi Lubelli Chief Financial Officer
- Executive
- Gianluca Formenton Chief Operating Officer
- Executive
- Domenico Gammaldi Executive Director and board member responsible for anti-money laundering
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Italy
- Bank of Italy Prudential supervisorCentral bankAML supervisorResolution
Recent events 3 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Investigation
The Bank of Italy issued its inspection report with an unfavourable judgement. It required additional credit adjustments and made findings on governance, accounting and internal controls.
teleborsa.it ↗ -
Enforcement
The Bank of Italy appointed two temporary supporting commissioners to the board. It also required the 2025 accounts to be delayed.
bancaditalia.it ↗ -
Leadership
The board co-opted General Manager Giuseppe Sica and appointed him CEO. This followed Massimiliano Belingheri's resignation as a non-executive director.
borsaitaliana.it ↗ -
Incident
The bank reported that collections in its Italian factoring business were recorded incorrectly between 2019 and June 2023. It also announced a change of chief executive.
milanofinanza.it ↗ -
Licence
The Bank of Italy removed the restrictions it imposed in May 2024, which included the suspension of dividends.
investor.bff.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- CIPBITMMXXX
- How the BIC breaks down
- CIPBBank
- ITCountry · Italy
- MMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 815600522538355AE429
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- Codice ABI 05000
Profile
- Type
- Credit institutionListed as a credit institution, or a branch of one, on the ECB’s list of supervised entities, or named as a bank on the Financial Stability Board’s G-SIB list, directly or as a G-SIB’s main operating bank. These are the only bank lists the directory tracks so far.
- Regulation
- Prudentially supervised (ECB list)Prudentially supervised, according to the ECB list of supervised entities (as at 2026-07-01). This is banking supervision, not a licence on a tracked register.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Italy · Europe & Central Asia
- Banking supervision
- Less significant · Banca d’Italia as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- VIALE LODOVICO SCARAMPO 15 MILANO 20148 ITALY
- Operational address
- VIALE LODOVICO SCARAMPO 15 MILANO 20148 MILANO ITALY
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>CIPBITMMXXX</BICFI>
<LEI>815600522538355AE429</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>CIPBITMMXXX</BICFI>
<LEI>815600522538355AE429</LEI>
<Nm>BFF BANK S.P.A</Nm>
<PstlAdr>
<TwnNm>MILANO</TwnNm>
<Ctry>IT</Ctry>
<AdrLine>VIALE LODOVICO SCARAMPO 15 MILANO 20148</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2014-02-03 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2021-02-01 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2021-02-01 | Head office | — |
| SEPA Direct Debit Business-to-BusinessISO 20022 messages | 2021-02-01 | Head office | — |
| Verification of Payee | 2025-10-05 | Head office | — |
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. The T2 list names direct participants only and gives no joining date. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Codice ABI · Italy
1 code file of 2026-09-23
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 05000 | CIPBITMMXXX | BFF BANK SPA | MILANO |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Correspondent banking
Banca Popolare Dell Alto Adige S.P.A. publishes 3 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
Banca Popolare Dell Alto Adige S.P.A. publishes 3 accounts held with this bank, in 3 currencies.
| Currency | Respondent bank | Held at | Account | Published in |
|---|---|---|---|---|
| CZK | Banca Popolare Dell Alto Adige S.P.A. Italy | CIPBITMM | — | volksbank.it ↗ |
| CNY | Banca Popolare Dell Alto Adige S.P.A. Italy | CIPBITMM | — | volksbank.it ↗ |
| DKK | Banca Popolare Dell Alto Adige S.P.A. Italy | CIPBITMM | — | volksbank.it ↗ |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Claim this profile
Work at Bff Bank S.P.A?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of T2 participants. Source: European Central Bank, List of TIPS participants and reachable parties.
- Banking supervision—Source: European Central Bank, list of supervised entities.
- National bank codes—Italy (Source: Banca d'Italia).
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: bff.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo