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Banca Sistema SpA (BSTA.MI)

BSTA.MI on Milan Stock Exchange

2.28EUR
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Banca Sistema appoints Ilaria Bennati new CFO effective Dec 11‍​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - BANCA SISTEMA SPA :APPOINTS ILARIA BENNATI NEW CFO WITH EFFECT FROM DEC 11‍​.ILARIA BENNATI TO REPLACE MARGHERITA MAPELLI WHO LEAVES THE BANK.  Full Article

Banca Sistema 9-month net profit up at EUR ‍​21.8 mln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - BANCA SISTEMA SPA ::9-MONTH NET PROFIT EUR ‍​21.8 MILLION VERSUS EUR 21.4 MILLION YEAR AGO.9-MONTH OPERATING INCOME EUR 62.6‍​ MILLION VERSUS EUR 59.0 MILLION YEAR AGO.  Full Article

Banca Sistema announces tap issue of TIER II subordinated bond of EUR 1 mln
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - BANCA SISTEMA SPA ::ANNOUNCES TAP ISSUE OF TIER II SUBORDINATED BOND OF 1 MILLION EURO‍​.ISSUE TO BE SUBSCRIBED BY FONDAZIONE CASSA DI RISPARMIO DI ALESSANDRIA, WHICH HOLDS A 7.40% STAKE IN CO.TAP ISSUE IS AN ADD-ON TO PREVIOUS ONE OF 1.5 MILLION EURO AND TO 14 MILLION EURO ONE PLACED ON 30 MARCH 2017‍​.THE EUR 1 MILLION ISSUE WILL BE SETTLED BY 13 OCTOBER 2017‍​.  Full Article

Banca Sistema: successful placement of first senior bond issue
Monday, 9 Oct 2017 

Oct 9 (Reuters) - BANCA SISTEMA SPA ::‍HAS SUCCESSFULLY COMPLETED ITS FIRST PUBLIC BOND ISSUE RESERVED FOR INSTITUTIONAL INVESTORS​.‍175 MILLION, EURO-DENOMINATED, SENIOR, UNSECURED BOND WILL HAVE A 3-YEAR MATURITY, DISTRIBUTES FIXED ANNUAL COUPON OF 1.75% AND ISSUE PRICE IS 99.836%​.  Full Article

Banca Sistema H1 net profit rises to EUR 15.7 mln
Friday, 29 Jul 2016 

Banca Sistema SpA : H1 operating income 40.1 million euros ($44.55 million) versus 36.9 million euros a year ago .H1 net profit 15.7 million euros versus 8.6 million euros a year ago.  Full Article

Banca Sistema finalizes acquisition of 100 pct stake in Beta Stepstone
Monday, 4 Jul 2016 

Banca Sistema SpA :Has finalized acquisition of 100 percent of share capital of Beta Stepstone from Stepstones Financial Holdings for 57.2 million euros ($63.72 million).  Full Article

Bank of Italy authorizes Banca Sistema to buy Beta Stepstone
Monday, 27 Jun 2016 

Banca Sistema SpA :Says that the Bank of Italy has delivered its authorization order for the acquisition of the entire shareholding of Beta Stepstone.  Full Article

Axactor acquires CS Union from Banca Sistema
Wednesday, 22 Jun 2016 

Axactor AB : Acquires CS Union in Italy from Banca Sistema . Will pay 9.9 million euros for 90 pct of shares in CS Union . Banca Sistema will continue as 10 pct shareholder in CS Union . Closing of transaction is expected by end of June . Banca Sistema will realize capital gain from stake sold to Axactor of about 2.3 million euros ($2.59 million) before taxes .CS Union is independent debt purchase/debt collection company with 1 billion euros under management.  Full Article

Banca Sistema SpAlaunches first phase of securitization process of salary-backed loans
Thursday, 31 Mar 2016 

Banca Sistema SpA:Launches the first phase of the securitization process of salary-backed loans, to be completed within 2016.On March 30, Quinto Sistema Sec. 2016 Srl, a SPV issued 3 classes of partly-paid asset-backed securities, having an initial principal amount of about 120 million euros to be followed by a ramp-up period.Senior notes have then been utilized by Banca Sistema for refinancing transactions with institutional investors.  Full Article

Banca Sistema SpA plans to propose FY dividend of EUR 0.05/shr
Friday, 5 Feb 2016 

Banca Sistema SpA:Plans to propose a dividend of 0.05 euro per share.  Full Article

BRIEF-Banca Sistema appoints Ilaria Bennati new CFO effective Dec 11‍​

* ILARIA BENNATI TO REPLACE MARGHERITA MAPELLI WHO LEAVES THE BANK Source text for Eikon: