Banca Sistema SpA (FRA:B2S)
€ 1.426 0.024 (1.71%) Market Cap: 117.33 Mil Enterprise Value: 191.12 Mil PE Ratio: 6.58 PB Ratio: 0.41 GF Score: 69/100
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Q2 2024 Banca Sistema SpA Earnings Call Transcript

Jul 31, 2024 / 01:00PM GMT
Release Date Price: €1.54 (+1.72%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Banca Sistema first half 2024 Results Conference Call. As a reminder, all participants are in a listen only mode. (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.

Gianluca Garbi
Banca Sistema SpA - Chief Executive Officer, General Manager, Executive Director

Good afternoon, everyone, and thank you for joining the first half 2024 for results of Banca Sistema. The first half results showed an improvement of operating profits before systemic charges. The improvement was the result of the positive commercial dynamics and the constant asset repricing, which helped to enhance the adjusted income margin.

It's worth to highlight in the second quarter, a stabilization of the cost of funding, which although growing year-on-year is substantially stable quarter-on-quarter from a commercial point of view, factoring confirmed double digit growth in turnover plus 13% year

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