Q2 2025 Banca Sistema SpA Earnings Call Transcript
Good afternoon. This is Chorus Call conference operator. Welcome, and thank you for joining the Banca Sistema first-half 2025 results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Gianluca Garbi, CEO of Banca Sistema. Please go ahead, sir.
Good afternoon, everyone, and thank you for joining the first-half 2025 results of Banca Sistema.
I am pleased to comment on a positive set of results in the first half 2025, characterized by a strong increase in profits, more than doubled year on year; a marked improvement in capital ratios, higher than the level registered at the end of 2024, despite the new classification of past due registered in the first quarter in accordance with Bank of Italy findings; and finally, a positive trajectory of gross NPEs, which grown in the first quarter due to the reclassification, have been sharply reduced in the second quarter.
Let's start with the latter point. Gross NPEs grew in the first quarter by 75%
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