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Banca Sistema S.p.A. ( (IT:BST) ) has provided an announcement.
Banca Sistema S.p.A. reported a significant increase in net profit for the year ending December 31, 2024, driven by a strong growth in core revenues and a substantial acceleration in the intermediation margin. The company’s net profit rose to €25.2 million, a 53% increase from the previous year. Despite an increase in operating costs due to the business plan implementation and mergers, the bank maintained a solid liquidity position, with retail funding accounting for 70% of its total funding. The company’s asset quality remained strong, with improved capital ratios despite the organic increase in overdue loans. The bank’s commercial performance was marked by growth in the factoring business line, though some areas experienced a decline in new volumes.
More about Banca Sistema S.p.A.
Banca Sistema S.p.A. operates in the financial services industry, primarily focusing on factoring, credit management, and banking solutions. The company is known for its specialization in providing financial services to support businesses through factoring, offering credit management solutions, and other banking services. Its market focus includes managing commercial loans and other financial products.
YTD Price Performance: 25.60%
Average Trading Volume: 2,813
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €126.6M
See more insights into BST stock on TipRanks’ Stock Analysis page.
