Banca Sistema SpA (MIL:BST)

Q3 2025 Banca Sistema SpA Earnings Call Transcript

Nov 7, 2025 / 02:00 PM GMT

Release Date Price: €1.6 (+2.56%)

Transcript

Key Points

Positve

Banca Sistema SpA (FRA:B2S) reported a 25% year-on-year growth in revenues, driven by a 49% increase in net interest income.
The bank achieved a net profit of €21 million for the first nine months of 2025, marking a 71% increase year-on-year.
Capital ratios improved significantly, with CET1 and total capital ratios increasing by 55 basis points on average year-to-date.
Gross non-performing exposures (NPEs) are on a positive trajectory, declining by 12% since the end of the first quarter of 2025.
The pawn loans business saw a 21% year-on-year growth, supported by a Portuguese acquisition and faster auctions.

Negative

Factoring turnover decreased by 17% year-on-year due to lower receivables from the pharmaceutical sector and the natural decrease in super bonus receivables.
Administrative costs increased by 24% year-on-year, driven by non-recurrent consultancy costs and higher credit-related expenses.
The bank faced a significant capital impact in the first quarter due to the reclassification of past due loans, affecting capital ratios.
Total assets decreased by 8% year-to-date, influenced by lower customer loans and financial assets.
The cost of funding, although decreasing, remains relatively high at 3.01% year-to-date.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BSTA.MI - Banca Sistema SpA
Q3 2025 Banca Sistema SpA Earnings Call
Nov 07, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Cosco conference operator. Welcome and thank you for joining the Banca Systema 9 month 2025 results conference call.

As a reminder, all participants are in listen-only mode.

After the presentation, there will be an opportunity to ask questions.

Should anyone need assistance during the conference call, they may signal an operator by pressing 0 on their telephone.

At this time, I would like to turn the conference over to Mr. Gian Luca Garby, CEO of Banca Systema. Please go ahead, sir.

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Unidentified_2 [2]
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