The latest update is out from Banca Sistema S.p.A. ( (IT:BST) ).
Banca Sistema’s Board of Directors has approved the 2024 financial statement project and a proposal to allocate the year’s operating profit entirely to reserves, following a Bank of Italy inspection. The bank also introduced a new Corporate Governance Project and reclassified certain credits to default, which does not alter its risk profile. The updated capital plan for 2025-2027 aligns with previous profit targets and capital ratios, ensuring compliance with regulatory requirements and maintaining financial stability.
More about Banca Sistema S.p.A.
Banca Sistema S.p.A. operates in the financial services industry, focusing on providing banking solutions primarily to the public administration sector. The company offers a range of products including factoring, credit management, and other financial services aimed at optimizing cash flow and managing credit risk.
YTD Price Performance: 45.76%
Average Trading Volume: 5,469
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €143.6M
Learn more about BST stock on TipRanks’ Stock Analysis page.